RLUSD: The New Stablecoin from Ripple – What It Is and Where to Buy It

Ripple has officially launched RLUSD, its USD-backed stablecoin, making waves in the cryptocurrency and payment sectors. Designed to streamline cross-border payments and compete with other major stablecoins, RLUSD is positioned as a reliable, regulated asset for Ripple’s ecosystem and beyond.

This guide provides an in-depth breakdown of RLUSD, its utility, and a step-by-step process to buy and integrate it into your portfolio.

What Is RLUSD?

RLUSD is Ripple’s USD-backed stablecoin issued by Standard Custody & Trust Company, a Ripple subsidiary. Each RLUSD is pegged 1:1 to the U.S. dollar and is fully collateralized by:

• U.S. dollars

• Short-term cash equivalents (e.g., Treasury bonds, money market funds).

Key Features:

1. Regulatory Compliance: Approved by the New York Department of Financial Services (NYDFS), ensuring adherence to strict regulatory standards.

2. Cross-Border Utility: RLUSD integrates seamlessly with RippleNet and the XRP Ledger, improving liquidity and transaction efficiency for cross-border payments.

3. Competitor to USDT/USDC: With its focus on compliance and Ripple’s robust infrastructure, RLUSD challenges existing stablecoin dominance.

Why RLUSD Matters

1. Enhanced Liquidity: RLUSD provides instant settlement and high liquidity for enterprises and developers.

2. Trust and Regulation: Backed by Ripple, RLUSD stands out for its regulated nature, offering an edge over less-transparent stablecoins.

3. XRP Ecosystem Boost: RLUSD is fully integrated with the XRP Ledger (XRPL), allowing seamless swaps and transfers.

How to Buy RLUSD: A Step-by-Step Guide

Step 1: Choose an Exchange

Currently, RLUSD is available on these platforms:

• Uphold

• MoonPay

• Upcoming listings: Bitstamp, Bitso, and other regulated exchanges.

Ensure you select an exchange with proper liquidity and compliance for RLUSD.

Step 2: Create an Account

If you’re not already registered, sign up on your preferred platform:

1. Visit the exchange website (e.g., Uphold.com).

2. Click Sign Up and enter your details:

• Name

• Email

• Password

3. Complete KYC Verification:

• Upload valid ID (passport, driver’s license, or national ID).

• Provide proof of address (utility bill or bank statement).

4. Enable 2FA (Two-Factor Authentication) for added security.

Step 3: Deposit Funds

To buy RLUSD, you need to deposit funds into your exchange wallet:

1. Navigate to the Deposit section.

2. Choose your preferred currency:

• USD (bank transfer, debit/credit card).

• Crypto (e.g., BTC, ETH, or XRP).

3. Follow the payment instructions provided by the exchange.

Step 4: Buy RLUSD

Once funds are deposited, follow these steps to purchase RLUSD:

1. Go to the Markets or Trade section of the exchange.

2. Search for RLUSD in the search bar.

3. Select the trading pair (e.g., RLUSD/USD or RLUSD/XRP).

4. Enter the amount you want to buy.

5. Confirm the purchase.

The RLUSD will appear in your exchange wallet within seconds.

Step 5: Transfer to Your Wallet (Optional)

For added security, you may transfer RLUSD to a non-custodial wallet supporting XRPL tokens, such as:

• XUMM Wallet

• Ledger Nano X

• Trust Wallet

Steps to Transfer:

1. Copy your wallet address (ensure it supports XRPL).

2. Go to the Withdraw section on the exchange.

3. Select RLUSD and paste your wallet address.

4. Confirm the transaction.

How to Use RLUSD

1. Cross-Border Payments: RLUSD can be used for instant, low-cost international transfers via RippleNet.

2. DeFi Applications: Developers on XRPL can integrate RLUSD for lending, liquidity pools, and decentralized exchanges (DEX).

3. Trading: Trade RLUSD against other cryptocurrencies or fiat pairs for hedging and liquidity purposes.

4. Payments: Enterprises can leverage RLUSD for on-chain payments in global commerce.

Final Thoughts

Ripple’s RLUSD marks a significant step in the stablecoin market, offering regulatory clarity and utility within the XRP ecosystem. With its backing by U.S. dollars and integration into RippleNet, RLUSD is poised to challenge established players like USDC and USDT.

For experienced crypto users, RLUSD presents an opportunity for:

• Diversified stablecoin holdings

• High liquidity in XRPL-based systems

• Compliance-driven cross-border solutions

Keep an eye on upcoming exchange listings and developments as RLUSD adoption grows in the crypto space.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrencies, including RLUSD and other stablecoins, involve significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The author and website are not responsible for any financial losses incurred.