{"data":{"issuer_slug":"ripple","issuer_name":"Ripple","logo":null,"verification_interval":"15m","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.","products":[{"symbol":"RLUSD","name":"Ripple USD","address":"0x8292bb45bf1ee4d140127049757c2e0ff06317ed","chain_id":1,"status":"live","status_reason":null,"verification_method":"issuer_report","liability_method":"issuer_report","onchain_verified_pct":0,"verifiability_pct":0,"collateral_ratio":1.0531626989587635,"supply_usd":2180100000,"total_reserves_usd":2296000000,"last_verified_at":"2026-09-01T22:20:13.510Z","last_observed_at":"2026-09-01T22:20:13.510Z","source":"ripple","source_updated_at":"2026-08-27T23:59:59.000Z","liability_updated_at":"2026-08-27T23:59:59.000Z","verification_interval":"15m","evidence_interval":"not stated","max_operand_skew_minutes":1,"source_url":"https://ripple.com/products/stablecoin/transparency/","evidence_basis":"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.","delta_neutral":null,"insurance_fund_usd":null,"sleeves":[{"sleeve_key":"issuer_reported_reserves","weight_pct":100,"amount_usd":2296000000,"score":2,"score_source":"fail_closed"}],"published_score":7.4,"published_tier":"Core","snapshot_at":"2026-09-01T22:20:13.510Z","null_reasons":{"delta_neutral":"No observed source asserts delta-neutrality for this product.","insurance_fund_usd":"No adapter observes an insurance fund for this product yet."}}],"unobserved_products":[],"headline":{"headline_collateral_ratio":1.0531626989587635,"headline_reserves_usd":2296000000,"headline_supply_usd":2180100000,"verifiability_pct":0,"status":"live","status_reason":null,"last_verified_at":"2026-09-01T22:20:13.510Z","oldest_source_updated_at":"2026-08-27T23:59:59.000Z","last_observed_at":"2026-09-01T22:20:13.510Z","null_reasons":{}}}}