Independent audit firm Deloitte has verified that Ripple’s $RLUSD stablecoin is fully backed by liquid reserves.
The attestation confirms that, as of late February 2026, $RLUSD maintained reserves exceeding its circulating supply, reinforcing the stability of its 1:1 U.S. dollar peg.
Key Points
- Deloitte’s audit confirms that Ripple’s $RLUSD maintained reserves exceeding circulating supply as of late February 2026.
- As of February 27, 2026, $RLUSD held $1.568 billion in reserves against 1.495 billion tokens in circulation.
- The report also confirmed that $RLUSD’s reserve structure aligns with NYDFS regulatory guidance.
- Ripple’s official data shows $RLUSD had 1.41 billion tokens in circulation with roughly $1.49 billion in reserves as of this week.
Ripple’s $RLUSD Stablecoin is Overcollateralized
Ripple is pushing deeper into regulated finance, as Deloitte’s independent report confirms that $RLUSD maintains a strong reserve position. As of February 27, 2026, the stablecoin held approximately $1.568 billion in reserves against 1.495 billion tokens in circulation, thereby ensuring full backing with an additional buffer.
Just days earlier, on February 19, $RLUSD’s circulating supply stood at 1.54 billion tokens, supported by $1.61 billion in reserves. This earlier snapshot further demonstrates consistent reserve coverage despite fluctuations in the number of tokens in circulation.
Notably, Deloitte’s attestation confirms that the $RLUSD Reserve Report, covering February 19 and February 27, 2026, was prepared in accordance with clearly defined criteria and accurately reflects the reserve assets backing the stablecoin.
For context, Ripple is not the first firm to subject its stablecoin reserves to a Big Four audit. Earlier this month, Tether took a similar step by selecting KPMG to audit its USDT stablecoin reserves, as it advances its U.S. expansion efforts.
$RLUSD Fully Compliant With NYDFS Requirements
According to the report, $RLUSD’s reserve framework also aligns with guidance from the New York State Department of Financial Services (NYDFS).
Notably, the guidelines require issuers to hold reserve assets in segregated accounts and restrict eligible backing assets to conservative instruments. These include overnight reverse repurchase agreements, short-duration U.S. Treasuries, approved money-market funds, and insured bank deposits.
Collectively, these safeguards help ensure liquidity, preserve capital, and maintain the ability to meet redemption requests.
$RLUSD Current Balance
Furthermore, the latest attestation follows earlier statements from Standard Custody, Ripple’s regulated subsidiary, which maintained that reserve assets consistently matched or exceeded the number of $RLUSD tokens in circulation.
The newly reported figures validate that claim by showing a clear surplus of reserves over liabilities on both reporting dates. In the meantime, data from Ripple’s data shows that $RLUSD has a circulating supply of 1.41 billion tokens ($1.41 billion), with reserves valued at roughly $1.49 billion as of March 26, 2026.
