Ripple USD vs USDX Money USDX — side-by-side comparison of supply, chains, backing, and peg data.
| Metric | RLUSD | USDX |
|---|---|---|
| USD circulation value | $1.59B | $683.4M |
| Rank (by USD value) | #12 | #17 |
| Peg | USD | USD |
| Mechanism | fiat-backed | crypto-backed |
| Backing | Cash & deposits (Ripple) | CDP-backed |
| Chains deployed | 2 | 3 |
| Primary chain | XRPL | BSC |
| Issuer | Ripple USD | USDX Money USDX |
| CoinGecko | View → | View → |
Both RLUSD and USDX track USD, but they differ in backing and issuer. RLUSD is backed by cash & deposits (ripple) while USDX is backed by cdp-backed. As of today, RLUSD ranks #12 and USDX ranks #17 among tracked stablecoins.
RLUSD is larger, with $1.59B in circulation vs $683.4M for USDX. That's roughly 2.3× the size.
Neither RLUSD nor USDX is inherently "safer" — safety depends on the specific backing composition, issuer transparency, redemption rights, and regulatory oversight. RLUSD uses fiat-backed backing model; USDX uses crypto-backed. Users should read each issuer's most recent reserve attestation before choosing.
Yes. RLUSD and USDX 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.
The right choice depends on your use case. Consider: which chain do you need? RLUSD is available on 2 chains and USDX on 3. 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.