RLUSDvsOUSD
Ripple USD vs Open USD — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
RLUSD — Ripple USD
OUSD — Open USD
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Both held within about 3 bps of target across the same window.
Key differences
- RLUSD is roughly 3.6× larger than OUSD by USD circulation value ($2.50B vs $698.8M).
- RLUSD ranks #9 while OUSD ranks #17 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- Both are fiat-backed stablecoins, so the mechanism is not what separates them.
- RLUSD reports cash & deposits (ripple) in reserve. We do not track a published reserve breakdown for OUSD.
- OUSD is deployed on 4 chains — much broader coverage than RLUSD's 2.
- Primary chain differs — most RLUSD supply lives on Ethereum, while most OUSD supply is on Tempo.
Full comparison table
| Metric | RLUSD | OUSD |
|---|---|---|
| USD circulation value | $2.50B | $698.8M |
| Rank (by USD value) | #9 | #17 |
| Peg | USD | USD |
| Mechanism | fiat-backed | fiat-backed |
| Backing | Cash & deposits (Ripple) | — |
| Chains deployed | 2 | 4 |
| Primary chain | Ethereum | Tempo |
| Issuer | Ripple | — |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between RLUSD and OUSD?
Both track USD, so they compete for the same use cases. RLUSD holds cash & deposits (ripple). We track no published reserve breakdown for OUSD. RLUSD ranks #9 by USD value and OUSD ranks #17.
Which is bigger, RLUSD or OUSD?
RLUSD is larger, with $2.50B in circulation vs $698.8M for OUSD. That's roughly 3.6× the size.
Is RLUSD safer than OUSD?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. Both use a fiat-backed model, so the difference sits in the issuer and the reserves rather than the design. Read each issuer's most recent reserve attestation before choosing.
Can I convert between RLUSD and OUSD?
Yes. RLUSD and OUSD 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 RLUSD or OUSD?
The right choice depends on your use case. Consider: which chain do you need? RLUSD is available on 2 chains and OUSD on 4. 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.