Ripple USD (RLUSD) is a regulated U.S. dollar backed stablecoin issued by Ripple on the XRP Ledger and Ethereum networks. Each RLUSD is redeemable 1:1 for U.S. dollars held in segregated accounts. Reserves consist of cash deposits, U.S. Treasuries, and cash equivalents, with monthly attestations.
Who issues RLUSD?
RLUSD is issued by Ripple under regulatory oversight, including approval from the New York Department of Financial Services (NYDFS) and the Dubai Financial Services Authority (DFSA). RLUSD is designed to comply with these regulatory frameworks.
What is RLUSD Rewards?
RLUSD Rewards is a feature that lets you automatically earn rewards simply by holding RLUSD in your OKX trading, funding, or loan account. You can turn it on or off at any time, while still using your RLUSD as collateral in Flexible Loan.
How do I start earning RLUSD Rewards?
You can start earning RLUSD Rewards in one of the following two ways:
1. Trade your stablecoins into at least 1 RLUSD, then hold to earn rewards.
2. Hold at least 1 RLUSD by trading or depositing. With RLUSD in your account, earning is on by default. Your rewards keep accruing as long as earning stays on.
