What Is RLUSD? Ripple’s Stablecoin Backing and Redemption Explained
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Ripple's RLUSD stablecoin operates on a dual-track redemption system, with direct dollar redemption available only to customers with approved relationships, while exchange sales and Earn lending deposits follow separate rules. The stablecoin is backed by dollar deposits, short-term U.S. Treasuries, and other cash equivalents, with Ripple publishing monthly third-party attestation reports to verify reserves. RLUSD trades on major exchanges including Coinbase, Bitstamp, and Bullish, and is available on both the XRP Ledger and Ethereum blockchains. The structure matters for institutional users because redemption pathways determine liquidity access and counterparty risk exposure. Market participants should monitor monthly attestation reports and any regulatory developments affecting Ripple's stablecoin operations.
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RLUSD, Ripple (XRP)
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