In short: Ripple issues RLUSD (issuing entity: Standard Custody & Trust Company, LLC (RLUSD issuer, Ripple subsidiary); parent Ripple Labs Inc. (Delaware)). Headquarters: San Francisco, US. Status: Active. Licences on record: 8 (5 authorised; 4 confirmed on a regulator's official public register). Reserve reports: monthly (Deloitte & Touche LLP). Reference data as of 2026-10-26.
Ripple PRIORITY 4 Verified
Company
Products & supply LIVE
RLUSD$2.48B · 1.6 bpsDistribution
Products REFERENCE · issuer official site · as of 2026-10-26
NYDFS-supervised USD stablecoin for institutions
Move money across stablecoins, crypto and local currencies
Store and manage digital assets with institutional governance
Multi-asset clearing, cross-margining and financing
Cash visibility, forecasting and risk management (powered by GTreasury)
Real-world assets onchain via Ripple custody and the XRP Ledger
Official partners (62) REFERENCE · issuer official site · as of 2026-10-26
Listed on Ripple’s “Where to find RLUSD” page (Banks and Fintechs)
Listed on Ripple’s “Where to find RLUSD” page (Banks and Fintechs)
Primary custodian of RLUSD reserves (selected Jul 2025)
Custody partner quoted on RLUSD page
Licences & authorisations worldwide (8 · 4 ✓ verified on register) REFERENCE · regulator registers / issuer disclosures · as of 2026-10-26
| Jurisdiction | Regulator | Licence / status detail | Date | Status | Evidence |
|---|---|---|---|---|---|
| US-NY | NYDFS | Limited Purpose Trust Charter — Standard Custody & Trust Company, LLC (NYDFS regulated-entities list) | 2021-05 (RLUSD approved Dec 2024) | Authorized | Verified |
| US-NY | NYDFS | Virtual Currency License — Ripple Markets DE LLC (f/k/a XRP II LLC) | 2016-06 | Authorized | Verified |
| US | OCC | National trust bank (Ripple National Trust Bank) — preliminary conditional approval only | 12 Dec 2025 | Pending | Reported |
| US | OCC / Treasury | GENIUS Act payment-stablecoin regime | Enacted 18 Jul 2025 | Not Yet Effective | Reported |
| AE-DIFC | DFSA | Recognised Crypto Token (RLUSD) | 3 Jun 2025 | Authorized | Reported |
| AE-ADGM | FSRA (ADGM) | Accepted Fiat-Referenced Token (RLUSD on Ethereum & XRPL) | 27 Nov 2025 | Authorized | Reported |
| JP | FSA / Kanto Finance Bureau | RLUSD handled by SBI VC Trade (registered Electronic Payment Instruments Exchange Service Provider No. 00001) | list as of 27 Aug 2026 | Authorized | Verified |
| HK | HKMA | HKMA licensed stablecoin issuer | checked 2026-10-26 | Not on HKMA register | Verified |
Reserves, custody & attestation
Redemption terms
Redemption at par for eligible institutional customers with SLAs (NYDFS requirement); see RLUSD Stablecoin User Terms
Controls: freeze / clawback / admin
Frozen / blacklisted / seized
Public markets & listed products (12) REFERENCE · sponsor / exchange / SEC & CFTC filings · as of 2026-10-26
| Ticker | Product | Sponsor | Exchange | Launch | Type | Status | Source |
|---|---|---|---|---|---|---|---|
| XXRP | Teucrium 2x Long Daily XRP ETF | Teucrium | NYSE Arca | 2025-04-08 | 2x leveraged ETF (1940 Act) | Listed | source ↗ |
| XRPR | REX-Osprey XRP ETF | REX-Osprey | Cboe | 2025-09-18 | Spot (1940 Act; majority spot XRP) | Listed | source ↗ |
| XRPC | Canary XRP ETF | Canary Capital | Nasdaq | 2025-11-13 | Spot | Listed | source ↗ |
| XRP | Bitwise XRP ETF | Bitwise | NYSE | 2025-11-20 | Spot | Listed | source ↗ |
| GXRP | Grayscale XRP Trust ETF | Grayscale | NYSE Arca | 2025-11-24 | Spot ETP (not 1940 Act) | Listed | source ↗ |
| XRPZ | Franklin XRP ETF | Franklin Templeton | NYSE Arca | 2025-11-24 | Spot (grantor trust) | Listed | source ↗ |
| TOXR | 21Shares XRP ETF | 21Shares | Cboe BZX | 2025-12-11 | Spot (not 1940 Act) | Listed | source ↗ |
| UXRP | ProShares Ultra XRP | ProShares | — | — | 2x leveraged ETF | Listed (product page) | source ↗ |
| XRPI | Volatility Shares XRP ETF | Volatility Shares | — | — | — | Listed (product page) | source ↗ |
| XRPT | Volatility Shares 2x XRP ETF | Volatility Shares | — | — | 2x leveraged ETF | Listed (product page) | source ↗ |
| XRP / MXP | CME XRP Futures & Micro XRP Futures | CME Group | CME Globex | 2025-05-19 | Cash-settled futures (50,000 / 2,500 XRP) | Listed | source ↗ |
| XRPN | Evernorth Holdings, Inc. (Class A) | Evernorth (Ripple among investors) | Nasdaq Global Market | 2026-10-12 | Public company — XRP treasury | Listed | source ↗ |
Government & public sector partnerships (6) REFERENCE · issuer newsroom / official government sites · as of 2026-10-26
Digital Ngultrum CBDC pilot — Pilot of retail, cross-border and wholesale CBDC use cases on Ripple’s CBDC Private Ledger
Digital currency strategy & pilot — Agreement to develop a CBDC or national stablecoin strategy and pilot
e-HKD Pilot Programme (with Fubon Bank) — Real-estate tokenization use case with e-HKD on Ripple CBDC Platform
High-value payments blockchain pilot — Pilot of high-value payment use cases on Ripple CBDC Platform (with Peersyst), through end-2023
Palau Stablecoin (PSC) pilot — USD-backed PSC on XRPL; Phase 1 with ~200 government employees and local merchants
Digital Lari (GEL) CBDC pilot — Ripple selected as single technology partner for the Digital Lari pilot
Government & law-enforcement cooperation
Issuer can freeze trust lines and claw back RLUSD on XRPL; no public law-enforcement freeze statistics published
source ↗Regulatory actions & enforcement history
AI-agent payments
RippleX: x402 support lets agents transact with XRP and RLUSD; Ripple is premier member of x402 Foundation (Linux Foundation)
source ↗RLUSD listed among supported stablecoins; RippleX a launch partner
source ↗