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Ripple
Active AUM
$2.599bKey Metrics
Onchain AUM$2.599b
Change (24h)+1.21%
Active / Onchain100%
DeFi Active TVL$647.05m
Change (24h)+3.52%
Utilization24.9%
Largest ProtocolMorpho Blue$516.8m
Net Flows 30dN/A
Net Flows 7dN/A
Live Assets1
Issuers1
Asset rankings
| Name | Chains | Asset Type | AUM | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| USD Stable | $2.599b | $2.599b | +8.05% | $647.05m | 24.9% | +26.20% | $1 | |||
About Ripple
Ripple issues a fiat-backed stablecoin maintained at parity with its reference currency through reserve backing and redemption mechanisms. It enables fast, low-cost settlement of stablecoin transactions.
Entity
Legal entityStandard Custody & Trust Company, LLC
HeadquartersSan Francisco, USA
Founded2012
Primary chainXRPL
Entity structure
Ripple Labs Inc. is the parent with RLUSD issued through subsidiary Standard Custody and Trust Company under its NYDFS trust charter. Ripple National Trust Bank is conditionally approved by the OCC. European operations run through Luxembourg licensed entities holding EMI and CASP authorizations.
Regulation
RLUSD is issued by Standard Custody and Trust Company, a Ripple subsidiary holding a New York limited purpose trust charter with NYDFS approval from December 2024. In December 2025 the OCC granted conditional approval for Ripple National Trust Bank under dual OCC and NYDFS oversight. RLUSD reserves are custodied by BNY. In July 2026 Ripple received full MiCA CASP authorization via Luxembourg CSSF.
Compliance
Of 1 assets
Attested1 of 1
KYC to mint or redeem1 of 1
Allowlisted to holdunknown
Transferable1 of 1
Self custody1 of 1
Redeemable1 of 1
Fees & revenue
ConfidenceNo-public-data
Float IncomeYes
Fees Last Verified2026-07-09
RLUSD user terms state redemption at 1 dollar less fees for direct enterprise customers but no fee schedule is published. Monetization is reserve float plus the token role in Ripple Payments and Ripple Prime.
Milestones
- 2026-07full MiCA CASP authorization via Luxembourg CSSF
- 2025-12OCC conditional approval for Ripple National Trust Bank
- 2025-07OCC application filed and BNY selected as RLUSD reserve custodian
- 2024-12RLUSD launches after NYDFS approval
- 2024-06Standard Custody acquisition completed
- 2012-09company founded