Ripple USDRLUSD

A US-dollar stablecoin issued by Ripple's New York trust company, backed by cash and short-term US government securities.

Rank #40Since December 2024

Price on 31 Oct 2026

C$1.40 -0.5% since 31 Jul 2026 · 9.2% below its all-time high

The short version

Ripple USD is a digital dollar issued since December 2024 by Standard Custody & Trust Company, a Ripple subsidiary chartered by the New York Department of Financial Services. Reserves of US$2,758.6M stood behind US$2,627.0M of RLUSD on 29 Oct 2026, with monthly CPA attestations. On 26 Oct 2026 the OCC gave final approval to Ripple National Trust Bank, which will act as collateral trustee for the reserves. On 31 Oct 2026 one RLUSD cost C$1.40. From 31 Jul 2026 to 31 Oct 2026 its price changed -0.5% in Canadian dollars, and it was 9.2% below its all-time high of C$1.54 set on 26 Dec 2024.^[1]

Facts checked 2 Nov 2026 · 13 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$1.43 (12 Oct 2026) · low C$1.35 (29 Jan 2026) · -0.6%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$1.40	US$1.00
30 Sep 2026	C$1.42	US$1.00
31 Aug 2026	C$1.39	US$1.00
31 Jul 2026	C$1.40	US$1.00
30 Jun 2026	C$1.42	US$1.0000
31 May 2026	C$1.38	US$1.00
30 Apr 2026	C$1.36	US$0.9999
31 Mar 2026	C$1.39	US$1.0000
28 Feb 2026	C$1.36	US$1.00
31 Jan 2026	C$1.36	US$0.9999
31 Dec 2025	C$1.37	US$0.9994
30 Nov 2025	C$1.40	US$1.00

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$1.40^[1]
3-month change: -0.5% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 9.2% below its high of C$1.54 (26 Dec 2024)^[1]
Market rank: #40, market value about C$3.4B^[1]
Kind: Stablecoin · XRP Ledger and Ethereum (ERC-20); also Base, Optimism, Ink and Unichain
Started: December 2024

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?YesThe issuer mints RLUSD against dollar deposits and burns it on redemption^{[2, 3]}

Can anyone freeze or take coins from holders?YesContract roles can pause accounts and claw back balances; no 2026 freeze record found^[3]

Can the token's contract code be changed?YesUpgradeable proxy contract on Ethereum^[4]

Is the supply capped?NoNo maximum; supply follows deposits and redemptions^[2]

Any scheduled unlocks in the next 12 months?NoNo vesting or locked allocations^[5]

Does a team or foundation hold over 10% of supply?NoNo team or investor allocation; coins are issued only against deposits^[2]

Do network fees reach coin holders?NoThe issuer keeps the reserve income (US$55.3M in the past year)^[6]

Main network hacked or halted in the past 2 years?NoNo exploit of the RLUSD contracts in the DefiLlama hacks list^[7]

Is a regulator or court case targeting the coin itself?NoNo live action; the SEC's Ripple case ended when both appeals were dismissed on 7 Aug 2025^[8]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: Standard Custody & Trust Company (NYDFS limited purpose trust), a Ripple subsidiary; Ripple CEO Brad Garlinghouse, San Francisco^{[2, 8]}
Admin powers: Contract roles can mint, burn, pause accounts and claw back RLUSD; the Ethereum contract is an upgradeable proxy^{[3, 4]}
Federal charter: OCC final approval for Ripple National Trust Bank on 26 Oct 2026; it will hold the reserves as collateral trustee^[9]

Supply

In circulation: 2.43B RLUSD^[1]
Maximum supply: None set^[1]
Outstanding: US$2,627.0M on 29 Oct 2026 against US$2,758.6M of reserves (Ripple transparency page)^[2]
By chain: About US$1.71B on Ethereum and US$0.71B on the XRP Ledger on 2 Nov 2026^[10]
Reserves: Cash, US Treasuries and government money funds in segregated accounts; BNY Mellon primary custodian since Jul 2025^[5]
Attestation: Monthly by an independent US CPA; latest report covers September 2026^[2]

Use and fees

Reserve income: US$55.3M in the past year, kept by the issuer; holders earn no yield^[6]
Main use: Dollar settlement on the XRP Ledger and Ethereum; Ripple Payments and Ripple Treasury (launched Jan 2026)^{[5, 8]}

Trading

Daily trading: About C$289.6M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 7.18% of its market value changes hands each day^[1]
20-week average: 0.0% below its 20-week average price^[1]
1-year change: -0.0% in C$^[1]^[11]

History

Not a forecast

Coins ranked 11-50 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 1,080 cases, 157 coins

46% were higher a year later^[12]

Typical result: Median -6% after a year; 61% higher after two years
Lost half or more: 25% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

The issuer can pause any account and claw back RLUSD through contract roles; no public freeze record was found for 2026.^[3]
Ripple lists Base, Optimism, Ink and Unichain as RLUSD networks; the Ethereum layer-2 rollout awaits NYDFS sign-off.^{[5, 13]}
The SEC and Ripple dismissed their appeals on 7 Aug 2025, ending the XRP case with the US$125M penalty set in Aug 2024.^[8]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.