What Ripple USD is designed to do

Ripple USD (RLUSD) is a fiat-backed stablecoin, currently ranked 60th by market capitalization among the assets we track. Ripple USD is a fiat-backed stablecoin: each token is meant to be redeemable for a reference currency held in reserve, so its job is to stay flat, not to appreciate. It is plumbing for the crypto economy rather than a bet on price.

Ripple USD (RLUSD) is a digital currency designed to facilitate instant and cost-effective cross-border transactions by leveraging the Ripple payment protocol. It aims to provide a secure and efficient means of transferring value across global networks.

How the peg is meant to hold

The mechanism is straightforward in theory — one token, one unit of reserve — but it depends entirely on the issuer actually holding and honoring those reserves. Attestation quality is therefore the core risk.

Background & fundamentals

In sector terms it is most often filed under Stablecoin, Ethereum (ETH) Token (ERC-20), and XRP Token.

Where Ripple USD sits in the market

With RLUSD near $1.00, Ripple USD carries a market capitalization of $730.16M. Around $36.28M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 4.97% of the float — a healthy level of activity for an asset this size.

Ripple USD carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. RLUSD trades about -8% below its all-time high of $1.09, within reach of prior peaks. Measured from its all-time low of $0.8196, RLUSD is up +22%.

What the price history shows

Across timeframes, RLUSD shows 24-hour -0.11%, 7-day -0.02%, 1-year +0.03%. Within its 131-day range, RLUSD sits around the middle (the 73rd percentile of recent daily closes).

Volatility profile

Recent action puts Ripple USD in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets.

How to evaluate a stablecoin like Ripple USD

For an asset of this type, three lenses matter most:

  • Reserve quality — what backs RLUSD — cash and short Treasuries are safer than commercial paper or crypto collateral — and who attests to it.
  • Redemption access — whether holders can actually redeem at par, and how quickly, under stress.
  • Regulatory standing — the issuer's jurisdiction and licensing, which increasingly determines which stablecoins survive at scale.

This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.