by Jake ClaverRLUSD, reserve attestations, and stablecoin transparency: stablecoins doing real settlement work
RLUSD, reserve attestations, and stablecoin transparency put stablecoins to work as settlement money. It names real organizations and documents, so the claim can be checked.
The Settlement Layer
This material is about fiat-denominated value moving through the ecosystem, usually via issuance or settlement. Supporting material comes from the April 2025 RLUSD reserve report PDF and the Ripple RLUSD page. Ripple RLUSD transparency page states it directly:
> Labs Inc., as the ultimate parent company, is a New York limited purpose trust company and the issuer of Ripple USD (“RLUSD”), a U.S. dollar-denominated stablecoin. The Company is responsible for the completeness, accuracy, and validity of the RLUSD Reserves Report as of April 8, 2025, and April 30, 2025, at 5:00pm Eastern Time (“ET”) (the “Report Dates”).
Why Settlement Rails Matter For XRPL
For the Ripple and XRP Ledger ecosystem, this matters because stablecoin activity can improve how useful a network is for payments and treasury operations.
The Settlement Screenshot
