Ripple Clarifies RLUSD Stablecoin Structure and Regulatory Status
Ripple USD (RLUSD)
Editor:
Eugene Serbin
news.bitcoin.com reports that Ripple has detailed the regulatory framework for its Ripple USD (RLUSD) stablecoin, emphasizing that different licenses carry distinct reserve and oversight requirements. The company clarified that its conditional federal bank approval is an intermediate step, not a completed charter, while distinguishing this from its New York limited-purpose trust charter under Standard Custody & Trust Company. RLUSD maintains segregated reserves with BNY Mellon as the primary custodian, while the proposed Ripple National Trust Bank will manage these reserves under OCC supervision.
Ripple noted that money transmitter licenses, state trust charters, and prudential supervision involve different capital requirements and failure consequences. The company also addressed CFTC collateral rules, describing a staff no-action position as conditional relief for derivatives margin rather than a stablecoin endorsement. This regulatory clarity comes as institutions evaluate RLUSD for payments and treasury operations.
Ripple highlighted that participating firms in the CFTC pilot face specific reporting and risk-management obligations. The infrastructure push includes Ripple Prime adopting BNY’s tokenized deposit services for collateral workflows. This development positions Ripple alongside other crypto firms like Circle and Paxos seeking federal trust bank approvals. The company continues building issuance and custody infrastructure as financial institutions adopt tokenized assets.
How the market reacted
Whalio's own Binance spot order flow for RLUSD, measured when this story was written up on 13 September 2026. Not the outlet's figures.
RLUSD trades at $1.00 with a 1-hour buy ratio of 53.4% and a 4-hour buy ratio of 77.0%, indicating strong short-term buying pressure. This contrasts with the 24-hour buy ratio of 30.7%, suggesting that recent inflows are reversing earlier selling trends. The 1-hour volume delta is positive at $17,472, while the 4-hour delta reaches $853,547, showing active accumulation in the immediate term. However, the 24-hour volume delta remains negative at -$10,064,733, reflecting net outflows over the full day. The cumulative volume delta (CVD) at the 24-hour close is -$10,042,934, confirming that sellers dominated the longer timeframe. Net buying occurred for only 9 of the 24 hours, highlighting a shift from selling to buying in the most recent periods.
The latest daily buy ratio of 39.6% sits at the 19th percentile of the last 267 days, against a median of 52.6% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for RLUSD, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 60.3%, making today’s 24-hour ratio of 30.7% significantly lower by 29.6 points. Spot volume for the day was $26,058,472, which is 0.45 times the weekly average, indicating reduced trading activity. While the coin saw net buying on 6 of the 7 days last week, today’s lower ratio and volume suggest a cooling off period. The 8-day volume delta total was +$27,693,153, showing that buying pressure has accumulated over the longer term despite today’s dip. This marks an unusual day of reduced volume and lower buy ratios compared to the consistent weekly average.