Ripple
On-chain AUM$2.08b
Platform totals
Live assets1
Chains2
DeFi TVL$146.49m
DeFi TVL / AUM7.04%
Confirmed attestations1 / 1
Primary accessPermissionless (1)
Totals for filtered assets
1
$2.08b
$2.08b
$146.49m
1
| Name | Asset Group | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Ripple USDRLUSD | Fiat Currencies | $1 | $2.08b | $2.08b | $146.49m | 7.04% | Ripple | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Standard Custody & Trust Company, LLC | Yes | Yes | Yes | Yes | Yes |
About Ripple
Ripple issues a fiat-backed stablecoin maintained at parity with its reference currency through reserve backing and redemption mechanisms. It enables fast, low-cost settlement of stablecoin transactions.
Profile
- Founded
- 2012
- Headquarters
- San Francisco, USA
- Primary chain
- XRPL
- Parent platform
- Ripple
- Issuer
- Standard Custody & Trust Company, LLC
Economics & revenue
Float incomeYes
Revenue confidenceNo-public-data
Fees last verified2026-07-09
Attestations & milestones
- 2026-07full MiCA CASP authorization via Luxembourg CSSF
- 2025-12OCC conditional approval for Ripple National Trust Bank
- 2025-07OCC application filed and BNY selected as RLUSD reserve custodian
- 2024-12RLUSD launches after NYDFS approval
- 2024-06Standard Custody acquisition completed
- 2012-09company founded
Revenue methodology & documents
RLUSD user terms state redemption at 1 dollar less fees for direct enterprise customers but no fee schedule is published. Monetization is reserve float plus the token role in Ripple Payments and Ripple Prime.
Issuer registry, regulation & leadership
Founders and leadership
Brad Garlinghouse — CEO Monica Long — President Chris Larsen — Co-Founder, Executive Chairman
Regulatory status
RLUSD is issued by Standard Custody and Trust Company, a Ripple subsidiary holding a New York limited purpose trust charter with NYDFS approval from December 2024. In December 2025 the OCC granted conditional approval for Ripple National Trust Bank under dual OCC and NYDFS oversight. RLUSD reserves are custodied by BNY. In July 2026 Ripple received full MiCA CASP authorization via Luxembourg CSSF.
Entity structure
Ripple Labs Inc. is the parent with RLUSD issued through subsidiary Standard Custody and Trust Company under its NYDFS trust charter. Ripple National Trust Bank is conditionally approved by the OCC. European operations run through Luxembourg licensed entities holding EMI and CASP authorizations.