Ripple, a leading provider of digital asset infrastructure for financial institutions, has officially unveiled its strategic exchange partners and early adopters for Ripple USD (RLUSD)—a new enterprise-grade, USD-denominated stablecoin built with trust, liquidity, and regulatory compliance at its core. Designed to meet the evolving demands of global finance, RLUSD is set to become a cornerstone in cross-border payments, real-world asset tokenization, and decentralized financial applications.
Through key collaborations, RLUSD will be available worldwide on major cryptocurrency exchanges and platforms including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish, ensuring broad accessibility for both institutional clients and retail users.
“With our initial exchange partners, the clear utility and demand for RLUSD, and a strong focus on regulatory compliance, Ripple’s stablecoin is poised to become the gold standard for enterprise-grade stablecoins,” said Brad Garlinghouse, CEO of Ripple. “Customers and partners have been asking for high-quality stablecoins like RLUSD to use across various financial use cases, such as payments, tokenization of real-world assets, and decentralized finance. Our payment solutions will leverage RLUSD, XRP, and other digital assets to enable faster, more reliable, and cost-effective cross-border payments.”
To ensure deep market liquidity and seamless trading experiences, leading institutional market makers—including B2C2 and Keyrock—will actively support RLUSD across multiple trading venues.
A Compliance-First Approach: RLUSD and the New York Trust Charter
One of the defining features of RLUSD is that it is issued under a New York Trust Company Charter, placing it under rigorous regulatory oversight. This designation underscores Ripple’s commitment to operating within established financial frameworks while pushing the boundaries of innovation in digital assets.
To guide the responsible rollout of RLUSD, Ripple has formed a distinguished advisory board composed of leaders in finance, regulation, and blockchain technology:
- Sheila Bair, former Chair of the Federal Deposit Insurance Corporation (FDIC)
- David Puth, Vice Chairman of Partners Capital and former CEO of the CENTRE Consortium (co-creator of USDC)
- Chris Larsen, Ripple co-founder and Executive Chairman
“Stablecoins will play a key role in modernizing our financial infrastructure and broadening financial inclusion,” said Sheila Bair. “I am honored to join Ripple’s advisory board as they launch their stablecoin with a compliance-first approach. As the digital assets industry grows, responsible innovation will be paramount to their adoption, prioritizing both consumer protection and financial stability.”
David Puth echoed this sentiment, emphasizing the transformative potential of stablecoins:
“I’m excited to join Ripple's advisory board to support their efforts in the launch of RLUSD. Stablecoins are a critical component in the evolution of the digital economy, providing a bridge between traditional finance and the crypto market. They offer the stability needed for transactions while utilizing blockchain technology to enhance transparency and efficiency. Ripple has consistently demonstrated its commitment to building secure, compliant, and accessible enterprise solutions—and RLUSD is no exception.”
Enterprise Use Cases for RLUSD
RLUSD merges the price stability of the U.S. dollar with the speed and efficiency of blockchain technology, making it ideal for mission-critical financial operations. Backed by Ripple’s extensive experience in global payments and regulatory engagement, RLUSD is engineered for three primary enterprise applications:
1. Cross-Border Payments
RLUSD enables real-time, 24/7 global settlements—complementing Ripple’s existing suite of payment solutions. When used alongside XRP, RLUSD enhances transaction finality, reduces costs, and improves reliability across borders.
Ripple’s network already spans over 90 markets, representing more than 90% of daily foreign exchange volume. To date, it has facilitated over 37 million transactions worth nearly $70 billion—a proven foundation upon which RLUSD can scale.
👉 Discover how next-generation stablecoins are transforming international transfers.
2. On-Ramps and Off-Ramps
For users entering or exiting the crypto ecosystem, volatility remains a major barrier. RLUSD serves as a stable bridge between fiat currencies and digital assets, allowing seamless conversion without exposure to price swings.
This makes it especially valuable for platforms offering crypto onboarding services—ensuring users can enter the ecosystem confidently and exit efficiently when needed.
3. Tokenization of Real-World Assets (RWA)
The tokenization of assets like government securities, commodities, and private credit is accelerating. RLUSD provides a compliant, transparent medium for on-chain settlement and collateralization.
By reducing counterparty risk and settlement times, RLUSD supports the growth of RWA markets—enabling institutions to unlock liquidity from traditionally illiquid assets.
Partner Endorsements: Building Confidence in RLUSD
Early feedback from Ripple’s partners highlights strong confidence in RLUSD’s potential to reshape digital finance.
“We’re impressed with Ripple’s commitment to advancing the stablecoin market and unlocking new, institutional use cases with RLUSD,” said Ivan Soto-Wright, co-founder and CEO of MoonPay. “While we’re still in the early days of stablecoins, we believe they will eventually play an important role in our financial system. We’re thrilled to add RLUSD to the growing list of stablecoins available on MoonPay.”
Cactus Raazi, U.S. CEO of B2C2—one of the world’s largest crypto liquidity providers—emphasized the importance of trusted stablecoins:
“Trusted, regulation-compliant stablecoins are fundamental for building robust, resilient digital assets marketplaces. As a leading liquidity provider for institutional digital assets, B2C2 supports the development of enterprise-grade solutions across the market.”
Daniel Vogel, CEO and co-founder of Bitso—one of Latin America’s largest crypto platforms—celebrated being among the first to list RLUSD:
“Our longstanding partnership with Ripple has enabled us to collaboratively explore innovative use cases like cross-border payments. We believe this new stablecoin will greatly benefit our customers and business clients across Latin America.”
Chris Tyrer, Head of Institutional at Bullish Exchange, highlighted RLUSD’s value for institutional traders:
“Regulated stablecoins like RLUSD create a trusted pathway for institutions to trade digital assets. As an RLUSD exchange partner, we are delighted to expand Bullish’s institutional offering with an additional stablecoin that meets rigorous regulatory standards and enhances our customers’ trading experience.”
Blockchain Support: Powering Innovation on XRPL and Ethereum
RLUSD launches natively on two major blockchains: the XRP Ledger (XRPL) and Ethereum. This dual-chain deployment maximizes reach while leveraging the unique strengths of each network.
On the XRP Ledger, known for fast finality (3–5 seconds), low fees, and native decentralized exchange capabilities, RLUSD meets growing community demand for credible stablecoins. Its integration strengthens XRPL’s utility as a platform for payments, DeFi, and asset issuance.
Ethereum support ensures compatibility with the world’s largest decentralized finance ecosystem—enabling RLUSD to be used in lending protocols, DEXs, yield strategies, and smart contract applications.
👉 See how multi-chain stablecoins are shaping the future of decentralized finance.
Frequently Asked Questions (FAQ)
Q: What is Ripple USD (RLUSD)?
A: RLUSD is an enterprise-grade USD-pegged stablecoin issued by Ripple under a New York Trust Company Charter. It is designed for use in cross-border payments, asset tokenization, and DeFi applications.
Q: Is RLUSD backed 1:1 by U.S. dollars?
A: Yes. RLUSD is fully backed by high-quality reserves consisting of cash and cash equivalents, ensuring a 1:1 peg to the U.S. dollar.
Q: On which blockchains is RLUSD available?
A: RLUSD is live on both the XRP Ledger (XRPL) and Ethereum blockchain.
Q: How does RLUSD differ from other stablecoins?
A: RLUSD stands out due to its compliance-first design, issuance under a regulated trust charter, and backing from Ripple’s global financial infrastructure expertise.
Q: Who can use RLUSD?
A: Institutions, developers, traders, and individuals can use RLUSD through supported exchanges and platforms such as Bitstamp, Uphold, Bitso, MoonPay, Bullish, CoinMENA, and Independent Reserve.
Q: Does RLUSD pay interest or yield?
A: No. RLUSD itself does not generate yield. However, it can be used in third-party DeFi protocols or custodial platforms that offer interest-bearing products.
With its foundation in compliance, strong institutional backing, and clear utility across financial ecosystems, RLUSD represents a significant step forward in the maturation of digital assets. As global markets increasingly demand trustworthy bridges between traditional finance and blockchain innovation, Ripple’s latest offering is positioned to lead the next wave of adoption.
👉 Explore how compliant stablecoins are driving institutional crypto adoption today.