The blockchain payment platform BPM has published a new report on the reserves of Ripple USD (RLUSD). As of the end of 2024, the outstanding RLUSD reserve is 77,208,201 RLUSD, with a market value estimated at $83,214,671. Given that the stablecoin is pegged to the US dollar at a 1:1 ratio, the coverage ratio is 107.77%. The majority of this coverage is provided by US treasury bills equivalent to $30,095,603. The second-largest asset in the reserves is $30,119,460. This is followed by $22,978,696 in cash deposits in US financial institutions and $20,912 in accrued interest.

According to the report, the reserves are denominated in US dollars and are held in one or more bank accounts at depository institutions insured by the Federal Deposit Insurance Corporation or otherwise approved by NYDFS; in various government money market funds secured by direct obligations of the US government and repurchase agreements on such obligations; and in US treasury bills with a maturity of three months or less.

The accounts will be opened in the name of the company and will be created specifically for the benefit of RLUSD holders. The reserves are segregated from the company's own assets. This is in line with Ripple's claim that RLUSD is fully backed by US dollar deposits, government securities, and cash equivalents. This structure is designed to ensure liquidity, stability, and transparency. As previously stated, Ripple will continue to publish monthly confirmations of RLUSD reserves through independent third-party audits to enhance trust.



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