Ripple, the San Francisco-based fintech leader in cross-border payments, has officially launched global trading for its U.S. dollar-pegged stablecoin, RLUSD. This milestone follows formal approval from the New York Department of Financial Services (NYDFS) on December 10, 2024—confirming RLUSD’s compliance with one of the most rigorous financial regulatory frameworks in the world.
Backed entirely by U.S. dollar deposits, U.S. government securities, and cash equivalents, RLUSD is designed to deliver stability, transparency, and efficiency in digital transactions. To reinforce trust, Ripple has committed to publishing monthly third-party attestation reports verifying the stablecoin’s full reserve backing—a move that strengthens investor and institutional confidence.
Ripple USD (RLUSD) is now live on global exchanges.
An enterprise-grade stablecoin built for everyone, $RLUSD combines fiat stability with blockchain efficiency:
➡️ Instant global payments, 24/7
➡️ Seamless on/off ramps
➡️ Access value in real-world assets.
This development positions RLUSD as a key player in the rapidly expanding digital asset economy, particularly in sectors demanding reliable and compliant stablecoins.
Where to Buy RLUSD: Current and Upcoming Platforms
At launch, RLUSD is available for trading and conversion across several reputable platforms, ensuring broad accessibility for both retail and institutional users:
- Uphold
- Bitso
- MoonPay
- Archax
- CoinMENA
These platforms offer direct on-ramps to RLUSD, enabling users to convert fiat into the stablecoin instantly. With diverse geographic coverage—including North America, Latin America, Europe, and the Middle East—Ripple ensures global inclusivity from day one.
Looking ahead, Ripple has announced plans to expand RLUSD’s availability to additional exchanges and financial infrastructure providers. Upcoming integrations include:
- Bullish
- Bitstamp
- Mercado Bitcoin
- Independent Reserve
- Zero Hash
These partnerships are expected to enhance liquidity, reduce transaction friction, and support broader adoption across traditional finance and crypto-native ecosystems.
Key Use Cases for RLUSD
Ripple has strategically positioned RLUSD to serve high-demand applications in modern finance. By combining regulatory compliance with blockchain efficiency, RLUSD unlocks real-world utility across multiple domains.
Cross-Border Payments
Leveraging Ripple’s established global payment network—responsible for over $70 billion in cumulative transaction volume—RLUSD enables near-instant, low-cost international transfers. Unlike traditional banking rails that take days and incur high fees, RLUSD transactions settle in seconds, 24/7, making it ideal for remittances, trade finance, and corporate payouts.
Corporate Treasury Management
Enterprises can now use RLUSD as a digital cash equivalent for managing working capital. Its stability, combined with real-time settlement, allows businesses to optimize liquidity across borders without exposure to cryptocurrency volatility. Multinational firms can hold reserves in RLUSD across jurisdictions while maintaining full transparency and auditability.
DeFi and Trading Collateral
In decentralized finance (DeFi), stablecoins serve as foundational assets for lending, borrowing, and yield generation. RLUSD’s regulatory clarity and full reserve backing make it a strong candidate for use as collateral in margin trading, liquidity pools, and algorithmic protocols. As more DeFi platforms seek compliant assets, RLUSD is poised to become a preferred choice.
Expert Advisory Board Strengthens RLUSD’s Credibility
To guide the strategic direction of RLUSD and ensure alignment with global financial standards, Ripple has expanded its advisory board with two distinguished appointments:
- Raghuram Rajan – Former Governor of the Reserve Bank of India and renowned economist
- Kenneth Montgomery – Former First Vice President and COO of the Federal Reserve Bank of Boston
They join an elite group of financial leaders already advising Ripple:
- Sheila Bair – Former Chair of the FDIC
- David Puth – Vice Chairman of Partners Capital and former CEO of CENTRE Consortium (co-creator of USDC)
- Chris Larsen – Ripple Co-founder and Executive Chairman
This advisory team brings decades of experience in central banking, financial regulation, and digital innovation—underscoring Ripple’s commitment to building a stablecoin that meets both technological and institutional expectations.
Ripple’s Broader Vision: Bridging Finance and Blockchain
The launch of RLUSD is not just a product rollout—it's a strategic step toward Ripple’s long-term mission: integrating blockchain technology with traditional financial systems.
With XRP, its flagship digital asset, maintaining a market capitalization above **$152 billion**, Ripple already holds significant influence in the crypto space. Now, with RLUSD, the company is expanding its footprint into the $150+ billion stablecoin market—a sector projected to grow further as institutions adopt tokenized assets.
By securing NYDFS approval and assembling a world-class advisory team, Ripple signals that RLUSD is built for scale, compliance, and trust. This positions the stablecoin as a viable alternative to existing options like USDT and USDC—particularly for entities prioritizing regulatory clarity and audit transparency.
👉 See how next-gen stablecoins like RLUSD are reshaping global finance—start your journey here.
Frequently Asked Questions (FAQ)
What is RLUSD?
RLUSD is a U.S. dollar-backed stablecoin issued by Ripple. Each token is fully backed by reserves consisting of cash, U.S. dollar deposits, and short-term U.S. government securities.
Is RLUSD regulated?
Yes. RLUSD has received approval from the New York Department of Financial Services (NYDFS), one of the most stringent financial regulators in the U.S., ensuring compliance with anti-money laundering (AML) and consumer protection standards.
Where can I buy RLUSD?
RLUSD is currently available on Uphold, Bitso, MoonPay, Archax, and CoinMENA. Additional platforms including Bullish and Bitstamp will list the stablecoin in early 2025.
How is RLUSD different from other stablecoins?
RLUSD stands out due to its direct regulatory approval from NYDFS, monthly third-party attestation reports, and backing by a leading fintech firm with deep ties to global payment networks.
Can businesses use RLUSD?
Absolutely. Businesses can use RLUSD for treasury management, cross-border payroll, trade settlements, and integration into payment systems requiring fast, low-cost transactions.
Is RLUSD built on a specific blockchain?
While Ripple has not yet disclosed full technical specifications, RLUSD is expected to be deployed across multiple blockchains to maximize interoperability—similar to Ripple’s approach with XRP.
The Road Ahead for RLUSD
As digital asset adoption accelerates globally, demand for transparent, compliant, and efficient stablecoins continues to rise. With its strong regulatory foundation, experienced advisory team, and integration into Ripple’s expansive financial network, RLUSD is well-positioned to become a major player in the next generation of digital dollars.
Whether you're an individual user seeking fast cross-border transfers or an institution exploring tokenized cash solutions, RLUSD offers a compelling blend of innovation and reliability.
👉 Stay ahead of the stablecoin revolution—learn how RLUSD fits into the future of finance.
All information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research before engaging with any digital asset.