Ripple USD (RLUSD): D-Score 28/100 — Centralized Leaning BlockIndex D-Score: 28/100 (Centralized Leaning). Ripple USD (RLUSD) is a Layer 1 cryptocurrency using Other consensus. Ripple USD (RLUSD): Regulated, custody-backed USD stablecoin with multi-ledger representations for institutional liquidity. Source: https://blockindex.ai/coin/rlusd · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 28: Node distribution: 0: Initial distribution: 0: Governance: 16: Age and history: 7: Autonomy: 5: Key facts - Layer: Layer 1 - Consensus: Other (N/A) - Launch: Other (2024) - Founder: Standard Custody & Trust Company, LLC - VC funded: No - Max supply: N/A - Circulating: 1,630,864,929 Market data (as of 2026-06-19) - Price: $1 - Market cap: $1.63B - 24h volume: $206.12M - 24h change: -0.01% · 7d change: -0.00% About Ripple USD (RLUSD) is a custody-backed, U.S. dollar-denominated stablecoin issued by Standard Custody & Trust Company, LLC, a wholly owned subsidiary of Ripple Labs. Designed for institutional-grade payments and liquidity provisioning, RLUSD is presented in source materials as a regulated, 1:1 USD-backed instrument intended for cross-border settlement and enterprise use. The available documentation emphasizes regulatory-first issuance and custody of dollar reserves, positioning RLUSD as a compliance-oriented stablecoin within Ripple's broader payments ecosystem. The asset exists in multiple on-chain representations, notably as an issued asset on the XRP Ledger and with an ERC-20 representation referenced in market-data tooling. Technically, RLUSD functions as an issued token rather than an independent blockchain. As such, core consensus and block-level metrics relate to its parent ledgers (the XRP Ledger for native issuance and Ethereum for the referenced ERC-20 representation). The supplied materials do not provide protocol-level code, repository links, or detailed technical specifications for RLUSD itself; instead, they highlight the custody model, backing disclosures, and marketplace representations. There are no documented staking, mining, or block-reward mechanics for RLUSD in the provided sources because it's a custodied stablecoin rather than a native token of a consensus network. In terms of use cases and ecosystem applications, RLUSD is framed primarily for financial institutions, enterprises, and developers needing a regulated USD representation on-chain—facilitating cross-border payments, settlement rails, and liquidity provisioning within exchanges and market infrastructures. The summaries reference listings and market-data coverage (CoinMarketCap, CryptoCompare), noting a circulating supply in the order of ~1.33 billion tokens and active trading volume, which together indicate material on-market issuance and liquidity. The custody model and corporate issuance aim to address regulatory and counterparty considerations for institutional participants. Tokenomics and governance for RLUSD are custodial and off-chain; issuance and reserve management are handled by the issuer (Standard Custody & Trust Company, LLC) rather than via on-chain mint/burn governance by a decentralized community. No premine or explicit pre-issued percentage is documented in the supplied files, and there is no evidence of a DAO, on-chain proposal system, or token-based governance. Regulatory engagement is referenced in headlines (including mention of NYDFS approval in source snippets), and market-history notes record price behavior near the peg with an all-time high/low recorded on CoinMarketCap in late 2024. Future roadmap details and deep technical specifications were not included in the provided materials and would require fetching primary issuer documentation or official announcements for complete coverage. Links - Website: https://ripple.com/solutions/stablecoin/ - Whitepaper: N/A - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore