{"data":{"issuer_slug":"ripple","issuer_name":"Ripple","logo":null,"verification_interval":"15m","basis":"Observed figures from Philidor’s stablecoin backing look-through. Reserve value is partitioned by its strongest admissible current evidence layer: direct on-chain verification, issuer-published third-party attestation results, source report only, or unverified. Philidor does not independently fetch the auditor artifacts behind issuer-published attestation results. Liability evidence is measured separately. Shares are mutually exclusive and total 100%; 0% direct on-chain does not mean 0% backing. 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","reserve_evidence":{"direct_onchain_pct":0,"issuer_published_third_party_attestation_pct":0,"source_report_only_pct":100,"unverified_pct":0},"liability_evidence":{"direct_onchain_pct":0,"source_report_only_pct":100,"unverified_pct":0},"assurance":{"attestation_status":"not_applicable","attestation_detail":null,"ratio_basis":"issuer_reported_reserves_issuer_reported_liabilities","ratio_scope_comparable":true,"ratio_scope_reason":null},"freshness":{"snapshot_age_seconds":19893,"snapshot_max_age_seconds":25200,"source_age_seconds":92100,"source_max_age_seconds":1209600,"operand_skew_seconds":0,"operand_max_skew_seconds":60,"snapshot_within_limit":true,"source_within_limit":true,"operands_within_limit":true},"onchain_verified_pct":0,"verifiability_pct":0,"collateral_ratio":1.053495718679857,"supply_usd":2405800000,"total_reserves_usd":2534500000,"last_verified_at":"2026-10-16T20:03:25.714Z","last_observed_at":"2026-10-16T20:03:25.714Z","source":"ripple","source_updated_at":"2026-10-15T23:59:59.000Z","liability_updated_at":"2026-10-15T23:59:59.000Z","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":2534500000,"score":2,"score_source":"fail_closed"}],"published_score":7.4,"published_tier":"Core","snapshot_at":"2026-10-16T20:03:25.714Z","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":1.053495718679857,"headline_reserves_usd":2534500000,"headline_supply_usd":2405800000,"verifiability_pct":0,"reserve_evidence":{"direct_onchain_pct":0,"issuer_published_third_party_attestation_pct":0,"source_report_only_pct":100,"unverified_pct":0},"liability_evidence":{"direct_onchain_pct":0,"source_report_only_pct":100,"unverified_pct":0},"status":"live","status_reason":null,"last_verified_at":"2026-10-16T20:03:25.714Z","oldest_source_updated_at":"2026-10-15T23:59:59.000Z","last_observed_at":"2026-10-16T20:03:25.714Z","null_reasons":{}}}}