DAIvsRLUSD
Dai vs Ripple USD — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
DAI — Dai
RLUSD — Ripple USD
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days DAI supply moved -1.6% and RLUSD +2.2% — RLUSD grew faster. Both held within about 4 bps of target across the same window.
Key differences
- DAI is roughly 3.0× larger than RLUSD by USD circulation value ($4.79B vs $1.58B).
- DAI ranks #4 while RLUSD ranks #12 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- DAI is a crypto-backed stablecoin; RLUSD is fiat-backed. Different mechanism, different failure modes.
- Reserves differ — DAI holds overcollateralized crypto cdp, RLUSD holds cash & deposits (ripple).
- DAI is deployed on 49 chains — much broader coverage than RLUSD's 2.
- Primary chain differs — most DAI supply lives on Ethereum, while most RLUSD supply is on XRPL.
Full comparison table
| Metric | DAI | RLUSD |
|---|---|---|
| USD circulation value | $4.79B | $1.58B |
| Rank (by USD value) | #4 | #12 |
| Peg | USD | USD |
| Mechanism | crypto-backed | fiat-backed |
| Backing | Overcollateralized crypto CDP | Cash & deposits (Ripple) |
| Chains deployed | 49 | 2 |
| Primary chain | Ethereum | XRPL |
| Issuer | Sky (formerly MakerDAO) | Ripple |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between DAI and RLUSD?
Both track USD, so they compete for the same use cases. DAI holds overcollateralized crypto cdp; RLUSD holds cash & deposits (ripple). DAI ranks #4 by USD value and RLUSD ranks #12.
Which is bigger, DAI or RLUSD?
DAI is larger, with $4.79B in circulation vs $1.58B for RLUSD. That's roughly 3.0× the size.
Is DAI safer than RLUSD?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. DAI uses a crypto-backed model; RLUSD uses a fiat-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between DAI and RLUSD?
Yes. DAI and RLUSD both trade on major centralized and decentralized exchanges. Since both track USD, the exchange rate is typically very close to 1:1. Direct swap protocols on Ethereum, Solana, and other chains offer the tightest spreads.
Should I choose DAI or RLUSD?
The right choice depends on your use case. Consider: which chain do you need? DAI is available on 49 chains and RLUSD on 2. What backing do you prefer? What's your integration surface (exchanges, DeFi protocols, payment providers)? Both have deep liquidity, so market cap alone shouldn't decide it.