Ripple USD
Transparency reports
Ripple USD (RLUSD) is a stablecoin issued by Standard Custody & Trust Company, LLC (“Ripple”), a subsidiary of Ripple Labs Inc., designed for payments.
Ripple is committed to full transparency of the reserves supporting RLUSD. We provide monthly reserve reports conducted by an independent licensed third-party accounting firm. These attestations validate and report on the circulating supply of RLUSD and the underlying assets backing the stablecoin.
Balances
Coming Soon
Attestations*
Attestations are performed by an independent Certified Public Accountant (CPA) licensed in the United States. The CPA issues monthly attestation reports pertaining to management’s assertions regarding the amount of RLUSD in circulation, along with information pertaining to the composition of the RLUSD Reserve fund. The attestations conducted by the CPA adhere to the attestation standards established by the American Institute of Certified Public Accountants.
Coming Soon
*The CPA is an independent third-party accounting firm appointed in accordance with the June 8, 2022 NYDFS Guidance on the Issuance of U.S. Dollar-Backed Stablecoins.
**Reports will be available monthly. The initial report will be issued not more than 30 days after the first month RLUSD becomes available to the general public.
Standard Custody & Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business.