The Block explains RLUSD, Ripple's XRP-native stablecoin launched in 2024, covering its structure and institutional use cases.
DeFi & Yields ·
RLUSD, Ripple's stablecoin native to the XRP Ledger, launched in 2024 as the network's primary dollar-pegged token. The asset was designed to enable direct settlement and payment flows within the XRP ecosystem, targeting institutional participants seeking stability alongside blockchain infrastructure.
The stablecoin operates within Ripple's existing payment rails, leveraging the XRP Ledger's consensus mechanism and transaction finality. Its introduction reflects Ripple's broader strategy to expand utility beyond XRP itself, offering market participants a fiat-anchored alternative while remaining tethered to the XRP Ledger's settlement layer.
Institutional adoption and the stablecoin's competitive positioning relative to other blockchain-native dollars remain areas to monitor. Details on reserve backing, issuance caps, and integration timelines with Ripple's payment corridors have not been fully detailed in available materials.