What is RLUSD? Ripple USD Stablecoin explained.

Ripple USD (RLUSD) is a stablecoin that is designed to maintain a 1:1 value with the US dollar (eg $1 USD = $1 RLUSD).

What is a stablecoin?

A stablecoin is a type of cryptocurrency designed to stay at a stable price, usually tied to the U.S. dollar or another local currency. Unlike coins like Bitcoin, the price of a stablecoin doesn’t swing up and down in value. People use stablecoins to buy, send, trade, or save money in crypto while avoiding big price changes.

Stablecoins enable the transfer of currency across borders, without the hassle and expense of traditional money conversion.

What makes RLUSD special?

Ripple has prioritized regulatory compliance for 13 years now, establishing a foundation of accountability and trust between themselves and users, institutions, and policymakers across the globe.

Ripple USD is built with the same defining feature, making it the first enterprise-ready stablecoin. This creates unique opportunities for developers, payment providers, exchanges, and others to benefit from the stability and transparency that Ripple and Ripple USD provide.

Ripple is accelerating the digital asset economy with RLUSD.

Learn more about RLUSD here.

How to get RLUSD with Squid

When you use Squid, you maintain complete control of your crypto. Squid allows you to send, receive, and swap assets (including stablecoins) without ever holding them physically, like centralized exchanges do. You can use Squid to get the most popular stablecoins, with support for RLUSD coming soon.