Ripple USD

Ripple USD Transparency Reports

Deep Relationships. Deeper Stability.

Ripple USD (RLUSD) is a USD stablecoin designed for institutions, created with trust and compliance at its core. RLUSD is backed by U.S. dollars and other cash equivalents, with reserves held in segregated accounts.Standard Custody, the issuer of RLUSD, is chartered and supervised by NYDFS as a limited purpose trust company, which means our stablecoin is required to be backed 100% by highly liquid, short-term, transparent reserves. Standard Custody adheres to high safety and soundness standards, including NYDFS customer protection and reserve requirements, as well as redemptions with strict SLAs.
Ripple USD transparency Illustration

Reserve Reports

Ripple is committed to full transparency of the reserves supporting RLUSD. We provide monthly reserve reports conducted by an independent third-party accounting firm. These attestations validate the circulating supply and assets backing RLUSD.

Balances

Total Circulating RLUSD

$176.7M

RLUSD Reserve Funds

$184.4M

As of 03/27/2025

Attestations*

Attestations are performed by an independent Certified Public Accountant (CPA) licensed in the United States. The CPA issues monthly attestation reports pertaining to management’s assertions regarding the amount of RLUSD in circulation, along with information pertaining to the composition of the RLUSD Reserve fund. The attestations conducted by the CPA adhere to the attestation standards established by the American Institute of Certified Public Accountants.

2024
Dec
2025
JanFeb

*The CPA is an independent third-party accounting firm appointed in accordance with the June 8, 2022 NYDFS Guidance on the Issuance of U.S. Dollar-Backed Stablecoins.


**Reports will be available monthly no more than 30 days after the month end.

Standard Custody & Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business.