BPM has released a report on the reserves of Ripple USD (RLUSD), a stablecoin pegged to the US dollar at a 1:1 ratio. The report states that as of the end of 2024, the outstanding supply of RLUSD is 77,208,201 RLUSD, with an estimated market value of $83,214,671. The coverage ratio is 107.77%, with most coverage coming from US Treasury bills. The stablecoin reserves are denominated in US dollars and held in bank accounts at FDIC-insured institutions, government money market funds, and US Treasury bills with short maturities. Ripple will continue to publish monthly confirmations of reserves to ensure transparency and build trust.



Other News from Today