Learn · 11 Jul 2026

What is RLUSD?

RLUSD is a stablecoin. One RLUSD is designed to always be worth one US dollar, backed by cash and short-term US government bonds held in reserve. Ripple, the company, issues it.

Why a stablecoin at all

Cryptocurrencies like XRP or Bitcoin change in price constantly. That’s fine for trading, but it’s a problem if you’re a shop owner who wants to charge exactly $5.00 for a coffee. A stablecoin removes that problem — the number on the receipt stays the number in your wallet, today and next month.

Where RLUSD lives

RLUSD exists on two different blockchains: Ethereum and the XRP Ledger. These are separate, non-interchangeable versions — RLUSD on Ethereum and RLUSD on the XRP Ledger are not the same tokens, even though both represent the same dollar peg.

Momex only works with the XRP Ledger version. The Ledger settles transactions in seconds, at a cost of a fraction of a cent, which is why it’s a practical choice for accepting payments at a till.

Holding RLUSD directly

Because RLUSD lives on the XRP Ledger, you can hold it in any XRPL-compatible wallet — including your own, without a bank or exchange in between. A payment from one wallet to another is a direct transfer on the ledger, not a request routed through a company’s internal database.

This is what “non-custodial” means in practice: nobody except you holds the keys to your RLUSD.