Ripple’s direct USD redemption requires customer contracts, unlike exchange sell-offs

Ripple requires separate contracts and screening for customers seeking direct redemption of its RLUSD stablecoin from the issuer, distinguishing this process from selling on exchanges or withdrawing via yield services. According to Ripple's product documentation, holding the token or purchasing it on an exchange does not qualify a holder for direct redemption; instead, direct redemption is reserved for corporate and institutional clients who have passed identity verification, anti-money-laundering screening, and sanctions checks. Institutional customers mint and redeem tokens through Ripple Mint, a structure previously covered in related reporting. RLUSD is pegged at $1 per token (approximately 1,335 won). The distinction matters because it clarifies redemption rights and liquidity pathways for different holder classes, with implications for institutional adoption and secondary-market pricing. Watch for further details on eligibility criteria and any changes to redemption terms as RLUSD's institutional user base expands.