Cryptopedia - Ripple USD
Ripple USD (“RLUSD”) is a stablecoin pegged to the U.S. dollar, issued by Standard Custody & Trust Company, LLC, which is a wholly owned subsidiary of Ripple Labs. Designed with a focus on compliance, liquidity, and trust, every RLUSD token is backed by at least an equivalent value in U.S. dollars and other cash equivalents. The asset is specifically engineered for cross-border payments, providing dependable access to digital dollars.
With more than ten years of experience as an industry leader, Ripple has established a history of deploying scalable blockchain solutions. The strong ecosystem connections developed over this decade support wide accessibility for RLUSD among developers, enterprises, and financial institutions. By combining its global license portfolio with a dedication to regulatory compliance, Ripple allows RLUSD users to conduct transactions with confidence. Ultimately, RLUSD merges the dependability of the USD with the efficiencies of blockchain technology in a manner that is compliant, liquid, and trusted.
