Data questions
What is RLUSD backed by?
As of , the latest RLUSD attestation (firm signed as an image, issued ) reports reserves of $2,446,312,864 against 2,325,969,308.00 RLUSD in circulation. ReserveBeat measured 1,404,484,215.56 RLUSD on-chain on ethereum at . The parse holds only the report's reserve total and liability, the two lines below.
The answer, from the board
STALE states age, not lateness: the newest report ReserveBeat holds for this token is older than the cadence expected for it, which can happen while the next report is not yet due.
| Line in the report | Amount | Unit |
|---|---|---|
| Market Value of the Reserve | 2446312864.000000 | USD |
| As reported in Standard Custody (Ripple USD)'s attestation dated 2026-08-31. Signed as an image | ||
| Outstanding Stablecoin Units | 2325969308.000000 | TOKEN |
| As reported in Standard Custody (Ripple USD)'s attestation dated 2026-08-31. Signed as an image | ||
The report carries its accounting firm's signature as an image rather than as text, so its text layer holds no firm name to extract and no firm is stated here. A firm name never enters the board from outside the document it came from, even where the firm is a matter of public record.
Some report layouts give ReserveBeat a reserve total and a liability but no line-by-line breakdown it can extract, and then only those two lines appear. A missing breakdown is a limit of the parse, not a finding about the reserves; the attestation page for the same period links the source document so the full report can be read.
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Cite this
Data: ReserveBeat — https://reservebeat.com/questions/what-backs-rlusd — figure as reported in Standard Custody (Ripple USD)'s attestation dated 2026-08-31.
Source reportData: ReserveBeat — https://reservebeat.com/questions/what-backs-rlusd — supply measured on ethereum at 2026-10-19T10:17:59Z.
Terms used in this answer
Definitions live in the learn section. ReserveBeat defines terms in one place and links to it.
- Published by
- ReserveBeat research · How this page is produced
- Attestation status
- STALE
- Newest data timestamp in this answer
Timestamps reflect the underlying data — when a figure was captured or a report was published — never when a page was built.
Questions
Common questions
Where do the answers on these pages come from?
Each page reads ReserveBeat's own board when you load it. Figures published by issuers pass through exactly as they appear in the attestation reports ReserveBeat parsed; anything ReserveBeat works out itself is labelled as computed and the calculation is written down.
Why is an answer sometimes empty?
Because ReserveBeat holds nothing for it. An empty cell is never filled with a zero, an estimate, or a figure carried over from somewhere else, and a whole answer is withheld rather than shown stale while the board is under review.
Do these pages define the terms they use?
No. Definitions live in the learn section and are written once. These pages answer questions whose answer is a figure or a state read from the board, and they link to the learn section for the vocabulary.
How often do the answers change?
Whenever the underlying board changes. Nothing on these pages is cached as text, so a new attestation report or a correction shows up on the next page load without anyone rewriting the page.