With the RUSD, the American company Ripple, known for the XRP cryptocurrency, enters the centralized stable market. Will she be able to convince the Crypto community and stand out from major players such as the USDT and the USDC?
What is the Rlusd?
The Ripple USD (RUSD) is a centralized stablecoin issued by the Ripple company, also at the origin of the XRP cryptocurrency.
The RUSD is designed to maintain parity with the US dollar, so its price is still equal to $ 1. For this, each RUSD is entirely backed by deposits in US dollars, American state bonds and cash equivalents, guaranteeing its stability and reliability.
This Stablecoin is issued by Standard Custody & Trust Company (SCTC), a subsidiary of RIPPLE registered with the New York State Department of Financial Services (NYDFS). Thus, the RUSD is subject to American regulations on stablecoins and is subject to regular audits to guarantee the transparency of the reserves.
The RUSD being a completely centralized stablecoin, Ripple has total control over its issue, destruction and use. If this centralization provides better regulatory compliance, it also raises significant concerns, especially for users attached to decentralization.
Indeed, Ripple can freeze funds or prevent certain transactions, either in response to regulatory requests, or in the event of suspicion of fraudulent activities.
Launched in December 2024, The Rlusd is available on the XRP Ledger (XRPL) and Ethereum blockchains. In the future, Ripple plans to integrate Rlusd into its cross -border payment solutions, in addition to the XRP, to offer faster and less expensive global transactions.
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What is the RUSD for?
As a centralized Stablecoin, the Ripple USD (RUSD) is mainly designed to facilitate international payments and meet the needs of financial institutions. Its use is therefore based on several concrete cases:
- Rapid and economic cross -border payments : thanks to XRP Ledger, transactions are almost instantaneous and inexpensive;
- Stable value reserve : ideal for protecting yourself from the volatility of the Crypto market, especially during the downstream period;
- Alternative to traditional banking solutions : offer better financial accessibility, especially for digital payments and businesses.
However, Ripple does not wish to limit the RUSD to these use cases and seeks to fully integrate it into the ecosystem of decentralized finance (DEFI). For this, the company has established a strategic partnership with the Oracles Chainlink network.
Thanks to ChainLink, the Stablecoin Rlusd can be used within the DEFI applications for trading, Lending and other financial services.
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When writing these lines (February 2025), it is possible to buy rlusd on bitstamp. This is the only platform offering the RUSD and being recorded as PSAN with the Financial Markets Authority (AMF).
Although the RUSD is available on other platforms, we strongly recommend that you go through a regulated platform in France if you wish to acquire it.
Our opinion on the Rusd of Ripple
With the launch of the Rlusd, Ripple embarks on the relentless competition of Stablecoinsa market already dominated by major players such as Tether (USDT) and Circle (USDC). This movement seems above all to respond to a desire to diversify the company's sources of income and to reproduce the success of other centralized stablecoins.
One of Ripple's strategic advantages is its well -developed institutional network thanks to its XRP cryptocurrency. The company has been working for a long time with banks and payment service providers, which could facilitate the adoption of RUSD in cross -border transactions and financial regulations.
However, on the side of the general public, the Rlusd does not really stand out from the centralized stablecoins already present on the market. Its model is very similar to those of the USDT and the USDC, which already have massive adoption and significant liquidity.
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At this stage, Stablecoin does not provide a notable innovation that could allow it to significantly differentiate itself to the general public and businesses. In addition, its adoption in the DEFI remains uncertain, despite a partnership with the ChainLink Oracles network.
In conclusion, The Rusd de Ripple is based on a solid infrastructure and a strict regulatory framework, but there is a lack of differentiating elements compared to the existing centralized stablecoins.
Its success will depend on Ripple's ability to impose it in international payments and convince actors of decentralized finance and crypto markets of its real usefulness.
What is your opinion on Ripple's Rlusd?
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Cryptoast publication director, I discover Bitcoin and Blockchain technology in 2017. Since then, I have accumulated a vast knowledge of the web3 and I strive to share high quality content to democratize this sector with the general public. Thanks to a devoted and passionate team, Cryptoast has become an essential reference, providing in -depth analyzes and relevant information for all enthusiasts and curious about the universe of cryptocurrencies and web3.
Clément Wardzala
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