Deloitte completes reserve audit for Ripple's RLUSD stablecoin

Ripple's (XRP) stablecoin, RLUSD, has completed a reserve audit from Deloitte, one of the 'Big Four' global accounting firms, The Crypto Basic reported. According to a certificate issued on March 26, the audit confirmed that as of the end of February, RLUSD's reserves exceeded its circulating supply. As of Feb. 27, RLUSD had a circulating supply of approximately 1.495 billion tokens, while its U.S. dollar-based reserves stood at around $1.568 billion. The Crypto Basic added that this suggests RLUSD's reserve structure complies with the regulatory guidelines of the New York State Department of Financial Services (NYDFS).