RLUSD (Ripple) is Ripple's NYDFS-regulated USD stablecoin. Available on Ethereum + XRPL. Ripple ecosystem backing + regulated issuance make it institutionally focused. Small circulation but growing.
What RLUSD offers
- NYDFS-regulated (via Ripple's regulatory posture)
- Available on Ethereum + XRPL
- Reserves in cash + Treasuries
- Ripple ecosystem backing
Verdict
RLUSD is Ripple's NYDFS-regulated stablecoin. Small but institutionally-focused; growing on XRPL alongside Ethereum.