RLUSDvsUSYC
Ripple USD vs Circle USYC — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
RLUSD — Ripple USD
USYC — Circle USYC
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 +3.7% and USYC -8.5% — RLUSD grew faster. RLUSD held the tighter band: worst deviation 2 bps against 1395 bps.
Key differences
- RLUSD and USYC are similar in size — within 10% of each other by USD-equivalent value.
- RLUSD ranks #9 while USYC ranks #10 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.
- Reserves differ — RLUSD holds cash & deposits (ripple), USYC holds tokenized us treasuries.
- Chain coverage is comparable: RLUSD on 2 chains, USYC on 2.
- Primary chain differs — most RLUSD supply lives on Ethereum, while most USYC supply is on BSC.
Full comparison table
| Metric | RLUSD | USYC |
|---|---|---|
| USD circulation value | $2.50B | $2.40B |
| Rank (by USD value) | #9 | #10 |
| Peg | USD | USD |
| Mechanism | fiat-backed | fiat-backed |
| Backing | Cash & deposits (Ripple) | Tokenized US Treasuries |
| Chains deployed | 2 | 2 |
| Primary chain | Ethereum | BSC |
| Issuer | Ripple | Circle |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between RLUSD and USYC?
Both track USD, so they compete for the same use cases. RLUSD holds cash & deposits (ripple); USYC holds tokenized us treasuries. RLUSD ranks #9 by USD value and USYC ranks #10.
Which is bigger, RLUSD or USYC?
RLUSD is larger, with $2.50B in circulation vs $2.40B for USYC. That's roughly 1.0× the size.
Is RLUSD safer than USYC?
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 USYC?
Yes. RLUSD and USYC 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 USYC?
The right choice depends on your use case. Consider: which chain do you need? RLUSD is available on 2 chains and USYC 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.