Ripple USD wallet

What is Ripple USD (RLUSD)?

Ripple USD is the dollar stablecoin issued by Ripple through Standard Custody & Trust Company, a trust company regulated in New York. One RLUSD is meant to hold the value of one U.S. dollar, backed by dollar deposits, short-term U.S. government securities and cash equivalents held by the issuer, and it is minted and redeemed against dollars for institutional customers. It was built with cross-border payments in mind, and it is issued natively on the XRPL rather than only on EVM chains.

That dual home is the main thing to understand before storing it. On the XRPL, RLUSD is an issued token, not a native coin: to receive it, your account first needs a trust line to the RLUSD issuer, and each trust line locks a small XRP reserve on top of the base reserve every XRPL account must hold. Transaction fees there are paid in XRP, so an address holding only RLUSD and no XRP cannot move it. On Ethereum, RLUSD is an ordinary ERC-20 token and every transfer costs gas in ETH. The two versions are separate balances on separate ledgers; sending RLUSD from Ethereum to an XRPL address or the other way round does not work without a bridge or an exchange in between. Like other regulated fiat stablecoins, the issuer retains the ability to freeze or claw back tokens tied to sanctioned or illicit activity.

Supported networks in Tangem (2): Ethereum, XRP Ledger.

Because the same ticker exists on two very different ledgers, the Tangem app keeps RLUSD as a distinct balance per network and shows which network an outgoing transfer uses before the card signs, so you can check that it matches what the recipient gave you. XRP or ETH for fees sits in the same wallet next to the token. For a holder who moves between the XRPL and Ethereum versions, that separation is why Tangem is practical for RLUSD.