Ripple USD (RLUSD) is a USD-denominated stablecoin launched by Ripple, designed to maintain a stable value of $1. RLUSD is natively issued on the XRP Ledger and Ethereum blockchains, fully backed by independent cash and cash equivalent reserves, and redeemable for USD at a 1:1 ratio. RLUSD provides real-time, secure, and compliant payment services for exchanges, fintech companies, cryptocurrency portals, etc., and supports the convenient docking of fiat currencies and stablecoins.
