What is RLUSD's quality score?

RLUSD (Ripple) scores 73/100 on OnChain Benchmark's Stablecoin Quality Rating — Institutional-grade, as of Oct 12, 2026 (methodology v1.5-stablecoin).

How is RLUSD's quality score calculated?

OnChain Benchmark scores RLUSD across four equally weighted dimensions, each out of 25: reserve quality (23/25), redemption depth (17/25), transparency (19/25), holder concentration (14/25). The four add directly to the 73/100 composite. The full rubric is published at onchainbenchmark.com/methodology.

How concentrated is RLUSD's ownership?

OnChain Benchmark scores RLUSD's holder concentration 14/25 — one of the four dimensions of its quality rating, measured against free float (circulating supply outside issuer, custody, exchange, bridge and protocol wallets). A higher score means ownership is more broadly distributed; a lower score means it is held by fewer wallets.

What does Institutional-grade mean?

Under OnChain Benchmark methodology v1.5-stablecoin, composite scores grade as Verified Capital (≥ 85), Institutional-grade (≥ 70), Developing (55–69), and Limited (below 55). RLUSD scores 73/100, placing it in Institutional-grade.

OCB — Quality Rating · Stablecoins

RLUSD Quality Rating

RLUSD (Ripple) scores 73/100 on OnChain Benchmark's Stablecoin Quality Rating — rated Institutional-grade (methodology v1.5-stablecoin, as of Oct 12, 2026).

Latest onchain read Oct 11, 2026

Updated daily

Quality score

of 100 · Institutional-grade

Dimensions measured

of 4

Outstanding supply

$2.45B

as of Oct 11, 2026

Chains

with measured supply

Why RLUSD scores 73

The biggest gap in RLUSD's score is how concentrated its ownership is.

The four dimensions carry equal weight; their scores add up to the composite.

Composite

73 / 100

Dimension	Score	Why it scored this
Holder Concentration This score is based on our last measurement of RLUSD's holders, on October 9, 2026.	14 / 25	This score is based on our last measurement of RLUSD's holders, on October 9, 2026.
Redemption Depth Onchain trading depth is limited: about $29.05M can be sold within 1% of the peg. Upgrade factorMore onchain liquidity: $100.00M or more tradable within 1% of the peg (21 of 25).	17 / 25	Onchain trading depth is limited: about $29.05M can be sold within 1% of the peg. Upgrade factorMore onchain liquidity: $100.00M or more tradable within 1% of the peg (21 of 25).
Transparency The reserve reports are current and regular, but they're voluntary rather than required by a regulator. Upgrade factorReserve reporting required by a regulator (25).	19 / 25	The reserve reports are current and regular, but they're voluntary rather than required by a regulator. Upgrade factorReserve reporting required by a regulator (25).
Reserve Quality The reserves are cash and Treasury bills, but they're confirmed by an auditor's report rather than visible onchain. Upgrade factorReserves anyone can verify onchain (25).	23 / 25	The reserves are cash and Treasury bills, but they're confirmed by an auditor's report rather than visible onchain. Upgrade factorReserves anyone can verify onchain (25).

OCB Instrument

Outstanding supply

Measured onchain daily, summed across every chain the fund is issued on. Latest reading $2.45B.

Source: OCB Quality Ratings · RLUSD · onchainbenchmark.comMeasured daily · Oct 11, 2026

OCB Instrument

Rating history

RLUSD’s quality rating, measured daily.

Source: OCB Quality Ratings · RLUSD · onchainbenchmark.comRecomputed daily · Oct 12, 2026

Key facts

Issuer, rubric and methodology

Issuer: Ripple
Asset class: Stablecoins
Rubric: Stablecoin Quality Rating
Methodology: v1.5-stablecoin
Last scored: Oct 12, 2026
What it is: NYDFS-chartered USD stablecoin issued by Standard Custody & Trust Co., backed by cash and short-dated U.S. Treasuries with monthly Deloitte attestations.

Chains

Share of measured supply by chain

With measured supply

Chain	Contract	Share of measured supply
Ethereum	0x8292Bb…6317eDExplorer ↗	53.3%
XRP Ledger	rMxCKbED…000000Explorer ↗	46.7%

Evidence

Verified facts behind the rating

A sample of the verified facts behind RLUSD’s score. The full diligence trail is in the terminal.

Facts shown

Dimension	Fact	Finding	Verified	Source
Disclosure Quality	Contract address	Contract address verified on Ethereum: 0x8292Bb45bf1Ee4d140127049757C2E0fF06317eD (primary deployment) Address confirmed active onchain.	Jul 14, 2026	Verified against primary sources
Disclosure Quality	Contract address	Contract address verified on XRP Ledger: rMxCKbEDwqr76QuheSUMdEGf4B9xJ8m5De:524C555344000000000000000000000000000000 (XRP Ledger deployment) Address confirmed active onchain.	Jul 14, 2026	Verified against primary sources

Cite this rating

Reference RLUSD’s rating

Every rating carries its methodology version and a stable permalink, so a citation stays accurate after a later rescoring run.

Plain

OnChain Benchmark (2026). RLUSD Quality Rating: 73/100 (Institutional-grade), as of Oct 12, 2026. Methodology v1.5-stablecoin. https://onchainbenchmark.com/instruments/rlusd

Harvard

OnChain Benchmark (2026) 'RLUSD Quality Rating', OnChain Benchmark, Institutional-grade, 73/100, methodology v1.5-stablecoin. Available at: https://onchainbenchmark.com/instruments/rlusd (Accessed: Oct 12, 2026).

BibTeX

@misc{ocb_rlusd_2026,
  author = {{OnChain Benchmark}},
  title = {{RLUSD Quality Rating}},
  year = {2026},
  note = {73/100, Institutional-grade, methodology v1.5-stablecoin},
  url = {https://onchainbenchmark.com/instruments/rlusd}
}

Full diligence trail

The interactive terminal shows every verified fact behind RLUSD's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.

Open in the terminal →Read the methodology →

Dimension

Score

Holder Concentration

This score is based on our last measurement of RLUSD's holders, on October 9, 2026.

14 / 25

Redemption Depth

Onchain trading depth is limited: about $29.05M can be sold within 1% of the peg.

Upgrade factorMore onchain liquidity: $100.00M or more tradable within 1% of the peg (21 of 25).

17 / 25

Transparency

The reserve reports are current and regular, but they're voluntary rather than required by a regulator.

Upgrade factorReserve reporting required by a regulator (25).

19 / 25

Reserve Quality

The reserves are cash and Treasury bills, but they're confirmed by an auditor's report rather than visible onchain.

Upgrade factorReserves anyone can verify onchain (25).

23 / 25

Chain

Share of measured supply

Ethereum

53.3%

XRP Ledger

46.7%

Dimension

Finding

Verified

Disclosure Quality

Contract address verified on Ethereum: 0x8292Bb45bf1Ee4d140127049757C2E0fF06317eD (primary deployment)

Address confirmed active onchain.

Jul 14, 2026

Disclosure Quality

Contract address verified on XRP Ledger: rMxCKbEDwqr76QuheSUMdEGf4B9xJ8m5De:524C555344000000000000000000000000000000 (XRP Ledger deployment)

Address confirmed active onchain.

Jul 14, 2026

OnChain Benchmark (2026) 'RLUSD Quality Rating', OnChain Benchmark, Institutional-grade, 73/100, methodology v1.5-stablecoin. Available at: https://onchainbenchmark.com/instruments/rlusd (Accessed: Oct 12, 2026).

@misc{ocb_rlusd_2026, author = {{OnChain Benchmark}}, title = {{RLUSD Quality Rating}}, year = {2026}, note = {73/100, Institutional-grade, methodology v1.5-stablecoin}, url = {https://onchainbenchmark.com/instruments/rlusd} }