Ripple’s RLUSD Stablecoin Shows Strong Reserve Backing
- As of late March, Ripple’s stablecoin RLUSD had a circulation of 1.41 billion tokens, backed by $1.57 billion in reserves.
- Deloitte confirmed RLUSD held $1.568 billion in reserves against a supply of 1.49 billion tokens on February 27.
- RLUSD operates under the New York State Department of Financial Services’ strict regulatory framework for reserve assets.
Ripple’s RLUSD stablecoin maintains a surplus in reserves, with Deloitte verifying its compliance with regulatory standards set by the New York State Department of Financial Services. This ensures that institutional users have confidence in the backing of their tokens.
The consistent reserve surplus and verified compliance make RLUSD an attractive option for banks and payment firms seeking reliable stablecoins, despite its smaller market size compared to other major stablecoins like USDT and USDC.
