VENUEVERITAS

STABLECOIN EVIDENCE

RLUSD

Fiat-reserve backedPeg USDRipple USD

Fiat-reserve USD token issued by NYDFS-chartered Standard Custody & Trust Company, LLC. Primary reserve custodian disclosed as BNY. Class-level reserve $ amounts remain PRIMARY_SOURCE_FORMAT_BLOCKED.

Compare USDC vs RLUSDInspect primary evidence

Detail ready with disclosure · Core-10 evidence

What backs this stablecoin?

Reserve composition from published evidence. Missing percentages are not inferred.

Reserve reportFeb 27, 2026
AssuranceDeloitte & Touche LLP · Assurance report
Evidence stateHistoricalFresh evidence ≠ safe

Total reserves: 1.57B USD · Liabilities / circulating: 1.50B USD

CURRENT_WITH_AGGREGATED_RESERVE_DISCLOSURE: totals verified; asset-class $ table empty in PDF text layer (PRIMARY_SOURCE_FORMAT_BLOCKED). Eligible classes: U.S. T-bills, overnight reverse repo, gov MMF, deposits — amounts not displayed.

CURRENT_WITH_AGGREGATED_RESERVE_DISCLOSURE: totals verified; asset-class $ table empty in PDF text layer (PRIMARY_SOURCE_FORMAT_BLOCKED). Eligible classes: U.S. T-bills, overnight reverse repo, gov MMF, deposits — amounts not displayed.

Inspect primary evidence

Backing Flow

Holder → issuer or protocol → backing → custody or hedge → verification. Unknown links stay labeled UNKNOWN.

HolderToken holder
BackingSegregated RLUSD reserve
Backing assetsUNKNOWN
CustodianBNY (primary reserve custodian)
VerificationDeloitte examination

Can you redeem it directly?

Exchange trading is not issuer redemption.

Direct issuer redemption

Eligibility restricted

Eligible
Enterprise via Ripple Mint
KYC
Required
Minimum
Not published
Fee
Not published

Who controls what?

Who can mint, freeze, pause, upgrade, or govern — as evidence, not a safety score.

ControlPresentControllerEvidenceSource
MintYESSCTC / Ripple MintVERIFIED—
FreezeUNKNOWNUNKNOWNUNRESOLVED—
BlacklistUNKNOWNUNKNOWNUNRESOLVED—
PauseUNKNOWNUNKNOWNUNRESOLVED—
UpgradeUNKNOWNUNKNOWNUNRESOLVED—
GovernanceUNKNOWNUNKNOWNUNRESOLVED—

Mint

YES

ControllerSCTC / Ripple Mint

Freeze

UNKNOWN

ControllerUNKNOWN

Blacklist

UNKNOWN

ControllerUNKNOWN

Pause

UNKNOWN

ControllerUNKNOWN

Upgrade

UNKNOWN

ControllerUNKNOWN

Governance

UNKNOWN

ControllerUNKNOWN

How is the backing independently checked?

Report type matters.

Assurance report

Independent assurance / examination of a reserve assertion — not “audited” shorthand.

Provider
Deloitte & Touche LLP
Report
AICPA examination — not an audit shorthand
Report date
Feb 27, 2026
Covered assets
Market value of assets in the Reserve (aggregate)
Covered liabilities
Outstanding units on XRPL + Ethereum
Scope limitation
Point-in-time; class $ breakdown asserted but not text-extractable

Inspect primary evidence

Reserve history

Append-only verified snapshots only. No synthetic series.

Latest verified snapshot

Feb 27, 2026

Deloitte & Touche LLP RLUSD Reserve Report

1.57B USD · circ 1.50B USD

HistoricalFresh evidence ≠ safe

What does this stablecoin depend on?

Structural dependencies only.

  • SCTC
  • BNY
  • U.S. banks/repo
  • XRPL
  • Ethereum

Answer-first evidence blocks

What backs RLUSD?

Fiat reserves under NYDFS-eligible classes. Deloitte as of 2026-02-27 verifies aggregate outstanding vs reserve market value. Class $ mix is format-blocked — not invented.

Who issues RLUSD?

Standard Custody & Trust Company, LLC (Ripple Labs subsidiary).

Who custodies reserves?

BNY is disclosed as primary reserve custodian (BNY press).

Regulatory structure

  • SCTC: NYDFS limited purpose trust — entity-scoped.
  • Never write: RLUSD is regulated globally.

Unresolved / open gaps

  • PRIMARY_SOURCE_FORMAT_BLOCKED: asset-class dollar amounts
  • Do not manufacture percentage split
  • BNY primary reserve custodian (BNY press 2025-07-09).

Related evidence links

Stablecoin Evidence interface. No safety score. No investment recommendation. Unresolved evidence remains unresolved.