Issuer reserve evidence

Ripple / RLUSD

CurrentCore

Ripple USD

EthereumIssuer transparency reportMonitoring cadence · Every 15 minutesSource cadence · Cadence not published0x8292…17ed

Asset risk

API checked · 2026-09-01 23:28:22 UTC · api.philidor.io/v1/por/rippleGet API key

Observed surplus

+$115.90Mat 105.32%

Point-in-time comparison of scope-compatible observed reserves and circulating liabilities. Reserve source 2026-08-27 23:59 UTC · liability observation 2026-08-27 23:59 UTC · on-chain coverage 0.0%. This is evidence for underwriting, not a solvency guarantee.

Decision snapshot

Reserve evidence, published risk rating, and scope controls are separate signals.

Published risk score

7.4/10

Core

Published asset rating; separate from the reserve snapshot

Collateral ratio

105.32%

Observed reserves divided by liabilities across a common scope

Observed surplus

+$115.90M

Observed reserves less circulating liabilities

Issuer-reported liabilities

$2.18B

Liability operand published by the issuer in the cited disclosure

Observed reserves

$2.30B

Backing value in the current published snapshot

On-chain coverage

0.0%

Share of observed backing Philidor pinned on-chain at finalized blocks

Reserve evidence as of

2026-08-27 23:59 UTC

UTC as-of timestamp published by the reserve source

Reserves vs liabilities

Observed backing against circulating supply. Ratio appears only on scope-compatible points.

1 observations

Snapshot reserves

$2.30B

Snapshot liabilities

$2.18B

Ratio

105.32%

Only one admissible backing snapshot is published today (Sep 1, 2026). The time series appears after another observation is available.

Evidence ledger

Provenance and freshness for the selected snapshot.

Monitoring status: Current
Evidence method: Issuer transparency report
Liability method: Issuer-reported liabilities
On-chain coverage: 0.0%
Source: Ripple transparency disclosure
Source updated: 2026-08-27 23:59 UTC
Liability observed: 2026-08-27 23:59 UTC
Snapshot observed: 2026-09-01 22:20 UTC
Monitoring cadence: Every 15 minutes
Source cadence: Cadence not published
Primary source: Open evidence
API record: JSON

Issuer-reported reserve and liability evidence. Philidor validates source structure, timestamps, and arithmetic but does not relabel it as independent assurance or on-chain verification.

Ripple current issuer-wide balance disclosure; RLUSD reserve funds and circulating RLUSD are rounded to $0.1M and share the same stated as-of date. The product address identifies canonical Ethereum RLUSD, but the reported balances are not Ethereum-only. Monthly independent CPA attestation reports are a separate evidence layer.

Reserve composition

Observed backing sleeves with value, share, and sleeve-level risk treatment.

1 observed sleeve

Backing sleeve	Observed value	Share	Sleeve score	Score basis
Issuer-reported reserves	$2.30B	100.0%	2.0/10	Fail-closed

Explicit evidence gaps

Unobserved fields remain null. They are never estimated or zero-filled.

Delta-neutral claim: No observed source asserts delta-neutrality for this product.
Insurance fund: No adapter observes an insurance fund for this product yet.

Market context

Investable TVL and net APR for RLUSD. This series is not reserve evidence and does not enter the collateral ratio.

Context only

Derived points reconstruct historical vault snapshots using today's vault eligibility; observed points are captured directly from that day's investable set.

Published coverage basis

Observed figures from Philidor’s stablecoin backing look-through: every product identifies whether evidence is Philidor-verified on-chain, independently attested, or issuer-reported. Reserve and liability timestamps are separate, stale evidence fails closed, and cross-time or cross-scope ratios are withheld. Unobserved fields are null with a reason; nothing is inferred. This is decision evidence, not a solvency guarantee.