Ripple USD token
Overview
Ripple USD (RLUSD) is a stablecoin pegged 1:1 to the US dollar, issued by Ripple. It is designed for cross-border payments and as a bridge currency within Ripple's payments network, operating on the XRP Ledger and Ethereum. RLUSD is used to facilitate liquidity and settlement in Ripple's decentralized financial infrastructure.
Within the DeFi Intel graph, Ripple USD connects to 21 tracked entities, most strongly to Ethereum, Ripple, New York State Department of Financial Services.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 5 of 21 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
issued_by | Ripple | 95% |
regulated_by | New York State Department of Financial Services | 95% |
issued_by | Standard Custody & Trust Company | 95% |
issued | Ripple Labs | 95% |
Frequently asked questions
What is Ripple USD?
Ripple USD (RLUSD) is a stablecoin pegged to the US dollar, issued by Ripple. It is used for cross-border payments and as a bridge currency on the XRP Ledger and Ethereum.
How is RLUSD pegged to the US dollar?
RLUSD is backed by a reserve of US dollar-denominated assets, held by Ripple, to maintain its 1:1 peg.
What is the purpose of RLUSD within Ripple's ecosystem?
RLUSD facilitates liquidity for cross-border transactions and serves as a stable bridge currency between fiat and cryptocurrencies in Ripple's payment network.
What is Ripple USD connected to?
In the DeFi Intel knowledge graph, Ripple USD is linked to 21 other tracked entities, most strongly to Ethereum, Ripple, New York State Department of Financial Services.
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