Provider profile · 2026 edition
Ripple (RLUSD) review 2026: scores, reserves and alternatives.
RLUSD is issued by Standard Custody & Trust Company, a New York limited purpose trust company.
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RLUSD is issued by Standard Custody & Trust Company, a New York limited purpose trust company.
Ripple (RLUSD) scores 2.4 out of 5 (47 out of 100) in the Buckingham Intelligence Stablecoin Issuers Index 2026 and ranks 10 of 11. It is strongest for banks and brokers wanting a New York trust issuer, and its best criterion is regulatory standing at 4 out of 5. Not published or not stated on the pages read: independent assurance, redemption and published fees.
Scores from the Stablecoin Issuers Index 2026.
No award in the Stablecoin Issuers Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For payment and e-money firms | 46 | 10 of 11 |
| For exchanges and brokers | 43 | 11 of 11 |
| For corporate treasuries | 51 | 8 of 11 |
The score out of 5 is the overall score out of 100 divided by 20. Leader goes to the top three overall, Best for to the first in each segment, and Top rated for to a score of 5 out of 5 on a criterion. Awards cannot be bought.
Where it scores best, and where to check closely, as shown in each ranking.
Banks and brokers wanting a New York trust issuer.
What Ripple (RLUSD) publishes on its own pages, read on 26 October 2026.
RLUSD is issued by Standard Custody & Trust Company, a New York limited purpose trust company. Ripple publishes monthly attestations by a US CPA firm and live circulation and reserve totals, and names cash, Treasuries and government money market funds as backing. It does not publish fees, redemption terms or the accounting firm's name.
| Fact | What the provider publishes |
|---|---|
| Reserves | "Backed 1:1 by cash, U.S. Treasuries, and government money market funds", "reserves held in segregated accounts". Transparency page as of 22 October 2026: circulating RLUSD $2,382.8M, reserve funds $2,528.0M. |
| Independent assurance | "Attestations are performed by an independent Certified Public Accountant (CPA) licensed in the United States" each month, under AICPA standards; "Reports will be available monthly no more than 30 days after the month end." Firm not named. |
| Regulatory standing | "Standard Custody & Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services." RLUSD has "approval from the New York Department of Financial Services (NYDFS) and the Dubai Financial Services Authority". |
| Redemption | NYDFS supervision includes "redemptions with strict SLAs"; no redemption time, minimum or eligibility published on the pages read. |
| Published fees | Not published on the pages read. |
| Currencies and networks | "Integrate RLUSD on the XRPL or Ethereum." One currency: US dollar. |
| Date read | 26 October 2026 |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 26 October 2026 from: ripple.com/solutions/stablecoin, ripple.com/solutions/stablecoin/transparency.
Each score with the evidence behind it.
Each criterion is scored 0 to 5 against the best published offer in the Stablecoin Issuers Index. 0 means not offered or not published. How it is scored
The other providers in the same ranking, ordered by score.
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Circle (USDC and EURC) | 4.3 | 1 of 11 | Payment firms and exchanges needing the widest licensing and network coverage |
| Paxos (USDG, USDP and PYUSD) | 3.6 | 2 of 11 | Payment firms wanting free redemption and a Big Four attestation |
| Tether (USDT) | 3.5 | 3 of 11 | Exchanges and large traders needing the most widely held dollar stablecoin |
| Agora (AUSD) | 3.3 | 4 of 11 | Fintechs and platforms wanting fee-free minting and a share of reserve income |
| Gemini (GUSD) | 3.1 | 5 of 11 | Firms already on Gemini wanting fee-free conversion and named reserve banks |
| StraitsX (XSGD, XUSD and XIDR) | 2.8 | 6 of 11 | Payment firms in Southeast Asia needing a Singapore dollar stablecoin |
| Quantoz (EURQ and USDQ) | 2.7 | 7 of 11 | European firms wanting free direct redemption without an existing account |
| Societe Generale-Forge (EURCV and USDCV) | 2.5 | 8 of 11 | European banks and institutions wanting a bank-group issuer with daily reserve disclosure |
| AllUnity (EURAU, CHFAU, SEKAU and USDAU) | 2.4 | 9 of 11 | European corporates wanting a no-code mint account and several currencies |
| Monerium (EURe and GBPe) | 1.9 | 11 of 11 | Fintechs and wallets needing euro tokens linked to a named IBAN |
Side by side on every criterion, fact and award.
Head-to-head comparisons cover pairs within the top five of each ranking. Ripple (RLUSD) is compared with its alternatives in the table above.
Tell us what you need and where you operate.