RLUSD is Ripple’s dollar-denominated stablecoin, designed to maintain the value of the U.S. dollar through reserve assets. Direct redemption for dollars requires a customer relationship approved by Ripple. Sales on exchanges and lending deposits in RLUSD Earn follow separate rules. Its backing and redemption mechanism therefore distinguishes the use of RLUSD as a payment asset, a tradable asset or a yield-bearing product.
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