BPM revealed a new report on Ripple USD (RLUSD) reserves. The report focuses on the subsidiary of Ripple, Standard Cust Olde & Trust Company, which is responsible for the fullness, accuracy and reliability of Rlusd reserves until December 31, 2024.
As of the end of 2024, the RLUSD set in circulation is 77 208 201 RLUSD, while the market value of reserves is estimated at 83,214,671 US dollars. Considering that the Stab Epochi is tied from 1: 1 to the US dollar, the coefficient of the cooperation is 107.77%. Most of this coating is provided by the US Treasury accounts, which is equivalent to 30 095,603 US dollars.
The next largest asset in reserves is $ 30,119,460. This is followed by $ 22,978,696, equivalent to cash deposits with US financial institutions and $ 20,912 in the form of accrued interest.
As noted in the report, reserves are expressed in US dollars and are contained in one or more bank accounts at depository institutions insured by the Federal Deposits Insurance Corporation or NYDFS were approved in other ways; Various funds of the state monetary market, backed by direct obligations of the Government of the United States and return agreements on redemption for such obligations; and US Treasury accounts with a maturity for three months or less.
Accounts will be at the name of the company and will be created specifically for owners of stablein. Moreover, the reserves are separated from the company’s own assets.
This is consistent with the fact that Ripple always argued that Rlusd is fully supported by US dollar deposits, government securities and monetary equivalents. This structure is designed to ensure liquidity, stability and transparency.
As previously indicated, Ripple will continue to publish monthly certificates of RLUSD reserves through independent audits of third -party sides to strengthen trust.
