Latest Movements in the UK
Ripple USD (RLUSD) is currently priced at US$1 with a 24-hour trading volume of US$99.1M. In the last 24 hours, Ripple USD has seen an increase of 0.01%. The market cap of Ripple USD stands at US$72.39M, with 72.3M RLUSD in circulation. For those looking to buy or trade Ripple USD, Kraken offers avenues to do so securely and efficiently
- Market capitalisation
- US$72.39M
- 24-hour volume
- US$99.1M
- Circulating supply
- 72.3M RLUSD
Frequently Asked Questions About Purchasing Ripple USD (RLUSD)
- What is Ripple USD (rlusd) and what is its purpose?
- Ripple USD (rlusd) is a digital asset pegged to the value of the US dollar, designed to provide a stablecoin option within the Ripple ecosystem. Its primary goal is to offer price stability for traders, developers, and users who need a reliable digital dollar on-chain. RLUSD typically aims to maintain a 1:1 value with USD through peg mechanisms, reserve management, or algorithmic adjustments. As with any stablecoin, its real-world stability depends on the governance, custodianship, and transparency of reserves. If you’re considering using RLUSD, check the issuer’s disclosures, reserve composition, and withdrawal liquidity to understand how robust the peg is during market stress.
- How is RLUSD priced and how stable is it right now?
- RLUSD is designed to track the USD value closely, with a target price around 1.00 USD. As of the latest data, the current price is 0.999493 USD, slightly below the exact peg. The small deviation (-0.00713% over 24 hours) is typical for stablecoins and can reflect liquidity, trading pairs, or minor peg adjustments rather than a fundamental shift in value. To assess stability, review the price history, peg mechanism details, and any reported reserve or mint/burn activity by the issuer. If you’re executing trades or transfers, consider tolerances for minor deviations and ensure you’re using reliable price feeds from reputable exchanges.
- Where can I buy or trade RLUSD, and which wallets support it?
- RLUSD can be traded on compatible decentralized or centralized exchanges that list the token, and it may be available across wallets that support ERC-20 or the specific standard used by the project. To start, locate liquidity pools or trading pairs involving RLUSD on major platforms and verify trading volume and security track records. For storage, use wallets that support stablecoins in your preferred network (e.g., Ethereum-based networks if RLUSD follows an ERC-20 standard, or the Ripple-compatible network if applicable). Always enable security features like two-factor authentication and consider transferring funds to a hardware wallet for larger holdings. Double-check token contract addresses to avoid scams.
- What should I know about the reserves and credibility of RLUSD?
- Credibility for a stablecoin hinges on reserve transparency and custody. Look for official disclosures detailing reserve assets, audit arrangements, and governance. Reputable stablecoins publish regular attestations or audits and provide clear information on minting and redemption processes. Key questions to ask: Are reserves held by independent custodians? Are there redemptions available at the peg, and if so, what is the redemption mechanism? How quickly can new RLUSD be minted or existing RLUSD burned to maintain the peg? Understanding these factors helps you gauge the reliability of the 1:1 peg in volatile market conditions.
- What are practical use cases for RLUSD in DeFi or payments?
- RLUSD serves as a stable medium of exchange and a unit of account within the Ripple ecosystem. Common use cases include: 1) DeFi lending and borrowing, where users hedge against volatility while gaining access to borrowing capacity; 2) Yield farming or liquidity provision using stablecoins to minimize impermanent loss; 3) Cross-border payments or remittances with lower volatility and faster settlement than traditional assets; 4) On-chain payments and merchant settlements where merchants prefer a stable value. When integrating RLUSD, assess transaction costs, settlement times, and the reliability of the peg during market stress. Ensure your counterparties and counterparties’ wallets support RLUSD to avoid liquidity traps.
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