Ripple USD (RLUSD) is a stablecoin pegged 1:1 to the US dollar, issued on the XRP Ledger and Ethereum. It is fully backed by segregated reserves of cash and cash equivalents, ensuring users can redeem it at any time for US dollars. RLUSD is issued by Standard Custody & Trust Company, a subsidiary of Ripple, which operates under a charter from the New York Department of Financial Services (NYDFS) and complies with strict KYC and AML regulations under New York banking laws. Designed to serve as a reliable on- and off-ramp, RLUSD bridges traditional finance and Web3 in a secure, regulated environment, enabling developers to seamlessly build stable, programmable payment solutions into decentralized applications.