About Ripple USD
Ripple USD (RLUSD) is a USD-pegged stablecoin issued by Ripple, designed to hold a constant value of one U.S. dollar for use in payments and settlement. Ripple was founded in 2012 by Chris Larsen, Jed McCaleb, and Arthur Britto. The company created RLUSD in 2024, and the token launched globally on December 17, 2024. RLUSD is a fiat-backed, fully collateralized stablecoin issued natively on both the XRP Ledger and Ethereum. Its reserves are held in cash, cash equivalents, and U.S. government treasuries. The token is a stable medium of exchange and is not used for staking or governance. Its primary use is in cross-border and enterprise payments, including within Ripple's own payments products. The supply is uncapped; tokens are minted and redeemed against reserves so that total supply tracks demand rather than a fixed maximum.
Euro-pegged stablecoin supply reaches record €751 million
The euro stablecoin market's growth highlights regulatory success but also risks from issuer concentration and potential bank competition.
Coinbase wins final OCC approval for national trust bank charter
Coinbase's federal trust charter enhances its competitive edge in crypto custody, pressuring rivals to seek federal oversight for credibility.
Binance says $6.34 billion hack recovery came entirely from its own balance sheet
Binance's self-funded hack recovery reinforces its commitment to user protection, setting a precedent for industry accountability and resilience.
Solana’s monthly stablecoin card spending hits record $141 million in October
Solana's rising stablecoin card spending highlights growing crypto adoption, but reliance on few issuers poses potential concentration risks.
SBI Holdings to invest $100 million in Robinhood-backed Erebor Bank
SBI's investment in Erebor could accelerate blockchain adoption in banking, enhancing cross-border transactions and stablecoin integration.
Circle freezes more than $800 million in USDC after $6.3 billion Binance breach
The breach highlights the vulnerability of crypto exchanges, prompting increased scrutiny and potential regulatory actions impacting market stability.
A sourced map of Ripple USD's relationships is on the way.
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The Crypto Briefing podcast is on the way.
Conversations on Ripple USD and the wider market, hosted by our team, will appear here once episodes are live.