Stablecoin
Ripple, fintech, on Ethereum since December 2024.
Issued by Standard Custody & Trust Company, a Ripple subsidiary, under NYDFS supervision. Notable that Ethereum now carries slightly more RLUSD than the XRP Ledger. DATE CAVEAT: rwa.xyz records first issuance as 2024-08-09, while general availability was reported in December 2024; Ripple's own press URLs returned 404 in this pass, so first_observed uses the general-availability month.
In the record
20
months from first observation to the record's assessment of August 2026
13
fintech rows in the record, this one included
45
rows filed to Ethereum by their sources
What it bears on
R3Do we know what this instrument is, legally, in every venue we operate?
needs design
ETH is a digital commodity in the United States and stablecoin law is in force. Market-structure legislation stalled, and jurisdictions are diverging.
R6Who is the counterparty when there is no counterparty?
needs design
An ownerless system meeting procurement built for vendors. Six organisations can take your first call, and our own unincorporated status is part of this problem, not outside it.