RLUSDvsUSDf
Ripple USD vs Falcon USD — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
RLUSD — Ripple USD
USDf — Falcon USD
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days RLUSD supply moved +2.2% and USDf -0.3% — RLUSD grew faster. RLUSD held the tighter band: worst deviation 2 bps against 54 bps.
Key differences
- RLUSD is roughly 1.3× larger than USDf by USD circulation value ($1.58B vs $1.26B).
- RLUSD ranks #12 while USDf ranks #14 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- RLUSD is a fiat-backed stablecoin; USDf is crypto-backed. Different mechanism, different failure modes.
- RLUSD reports cash & deposits (ripple) in reserve. We do not track a published reserve breakdown for USDf.
- Chain coverage is comparable: RLUSD on 2 chains, USDf on 2.
- Primary chain differs — most RLUSD supply lives on XRPL, while most USDf supply is on Ethereum.
Full comparison table
| Metric | RLUSD | USDf |
|---|---|---|
| USD circulation value | $1.58B | $1.26B |
| Rank (by USD value) | #12 | #14 |
| Peg | USD | USD |
| Mechanism | fiat-backed | crypto-backed |
| Backing | Cash & deposits (Ripple) | Delta-neutral (Falcon) |
| Chains deployed | 2 | 2 |
| Primary chain | XRPL | Ethereum |
| Issuer | Ripple | Falcon Finance |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between RLUSD and USDf?
Both track USD, so they compete for the same use cases. RLUSD holds cash & deposits (ripple). We track no published reserve breakdown for USDf. RLUSD ranks #12 by USD value and USDf ranks #14.
Which is bigger, RLUSD or USDf?
RLUSD is larger, with $1.58B in circulation vs $1.26B for USDf. That's roughly 1.3× the size.
Is RLUSD safer than USDf?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. RLUSD uses a fiat-backed model; USDf uses a crypto-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between RLUSD and USDf?
Yes. RLUSD and USDf 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 USDf?
The right choice depends on your use case. Consider: which chain do you need? RLUSD is available on 2 chains and USDf 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.