CoolWallet Now Supports RLUSD: Securely Manage Your RLUSD

Stablecoins have become essential tools in the digital asset space, offering the stability of traditional currencies combined with the speed and flexibility of blockchain technology. As demand for regulated, dollar-backed digital assets continues to grow, RLUSD stands out as a trusted option built natively on the XRP Ledger.

We’re excited to announce that CoolWallet now supports RLUSD, allowing you to store, send, and receive this regulated stablecoin with the hardware-level security you trust. Whether you’re making cross-border payments, holding USD-pegged assets, or exploring DeFi on the XRP Ledger, CoolWallet has you covered.

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What Is RLUSD?

RLUSD is a USD-backed stablecoin issued by Ripple, running natively on the XRP Ledger. Each RLUSD is pegged 1:1 to the US dollar and fully backed by equivalent USD cash and cash equivalents held in reserve. Launched in December 2024, RLUSD has received approval from the New York Department of Financial Services (NYDFS), making it one of the few regulated stablecoins available in the market today.

Unlike volatile cryptocurrencies, RLUSD maintains a stable value at all times — 1 RLUSD always equals 1 USD. Its reserves are audited monthly by independent third-party auditors, providing users with full transparency and confidence.

Why RLUSD Stands Out

Dollar-Pegged Stability: 1 RLUSD = 1 USD, completely shielded from crypto market volatility
NYDFS-Regulated: One of the first stablecoins to receive approval from the New York Department of Financial Services, with monthly third-party reserve audits
Built on XRP Ledger: Leverages the fast transaction speeds and low fees of the XRP Ledger
Transparent Reserves: Fully backed 1:1 by USD cash and cash equivalents, with publicly available reserve information
Institutional Credibility: Issued by Ripple, a leading company in the global payments ecosystem

Use Cases of RLUSD

Cross-Border Payments

RLUSD leverages the speed and efficiency of the XRP Ledger to enable seamless international transfers. With near-instant settlement times and minimal transaction fees, it offers a compelling alternative to traditional banking for cross-border payments.

Store of Value

For users who want to hold dollar-denominated assets without exposure to crypto market volatility, RLUSD provides a secure and stable option. Store your USD purchasing power while maintaining full self-custody through CoolWallet’s hardware security.

DeFi Participation

RLUSD is designed to integrate deeply with the growing DeFi ecosystem on the XRP Ledger. Use it as a stable base currency for liquidity provision, yield opportunities, and other decentralized financial applications.

CoolWallet Now Supports RLUSD

CoolWallet now fully supports sending, receiving, and securely storing RLUSD on the XRP Ledger. With CoolWallet, you can:

Securely store RLUSD in your hardware wallet
Receive RLUSD from exchanges or other wallets
Send RLUSD to any compatible XRP Ledger address

Note: Before receiving RLUSD for the first time, your address must set up a Trust Line — a standard XRP Ledger mechanism for authorizing the receipt of specific tokens. The CoolWallet App will guide you through this process automatically.

Supported Versions

RLUSD is supported under the following conditions:

For the best experience and optimal security, we recommend updating to the latest available versions.

Get Started

Update your App and firmware: Update CoolWallet App to v4.22.0 or above. CoolWallet Pro users should update firmware to v345 or above; CoolWallet Go users should update to v16 or above.
Add RLUSD: Open the CoolWallet App, navigate to your wallet, and tap “Manage.” Search for RLUSD and add it to your asset list.
Enable your address: Tap “Receive” on the RLUSD page. If your address has not yet been enabled, the app will prompt you to set up a Trust Line. Follow the on-screen instructions to complete the setup.
Start sending and receiving: Once your address is activated, you’re ready to send and receive RLUSD.

FAQs

Q1. What is the difference between RLUSD and XRP?

XRP is the native token of the XRP Ledger with a market-driven price that fluctuates. RLUSD is a stablecoin pegged 1:1 to the US dollar, offering price stability regardless of crypto market conditions.

Q2. How does RLUSD compare to USDT and USDC?

All three are USD-backed stablecoins pegged 1:1 to the US dollar, but there are some key differences:

RLUSD: Issued by Ripple, native to the XRP Ledger, NYDFS-regulated with monthly third-party reserve audits. Benefits from the XRP Ledger’s fast settlement and minimal fees.
USDT: Issued by Tether, supported across many blockchains, and the largest stablecoin by market cap. Its reserve transparency has faced scrutiny in the past.
USDC: Issued by Circle, also NYDFS-regulated with strong reserve transparency, supported on multiple major blockchains.

If you’re already active in the XRP Ledger ecosystem, RLUSD is the native stablecoin option for transactions within that ecosystem.

Q3. Which CoolWallet devices support RLUSD?

RLUSD is supported on CoolWallet Pro, CoolWallet Go, and CoolWallet HOT.

Q4. Why do I need to enable my address before receiving RLUSD?

To receive RLUSD on the XRP Ledger, your address must first set up a Trust Line. A Trust Line is a standard XRP Ledger mechanism that declares your address is willing to receive a specific token, while preventing unauthorized tokens from being sent to your address. Setting up a Trust Line requires locking a small amount of XRP as a reserve — this XRP is automatically released when the Trust Line is removed. You can set up or remove the Trust Line anytime from the RLUSD receive page in the CoolWallet App.

Q5. How do I disable RLUSD receiving?

In the CoolWallet App, go to your wallet and tap “Receive” > “RLUSD” > “Select receive address.” Any RLUSD address with receiving enabled will show a disconnect icon — tap it to remove the Trust Line and disable RLUSD receiving.

Q6. How do I get back the locked XRP reserve?

Once you disable RLUSD receiving, if your RLUSD balance is already zero, the reserve will be unlocked and returned immediately. If you still have a balance, the reserve will only be returned after all remaining RLUSD has been transferred out.

Q7. Are there fees for sending RLUSD?

Yes, RLUSD transactions on the XRP Ledger require a small amount of XRP as a network fee.

Q8. Is my RLUSD secure in CoolWallet?

Absolutely! CoolWallet is a non-custodial wallet — your private keys are stored securely on the hardware device and never connected to any server. Every transaction requires physical confirmation on the device, giving you full control and protection against online threats.

Q9. How do I check my firmware version?

Go to “Settings” > “Card Settings” > “Firmware Update” in the CoolWallet App to view your current firmware version.

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