Ripple Labs, Inc. is a private American technology company specializing in enterprise blockchain solutions for global payments. Their main stablecoin is Ripple USD (RLUSD).
| Product | Backing | Status | Market cap |
|---|---|---|---|
| RLUSDRipple USD | Fiat Backed | Active | $2.3B |
| Legal name | Ripple Labs, Inc. |
| Founded | 2012 |
| Headquarters | San Francisco, United States |
| Stage | Private |
| CEO | Brad Garlinghouse |
| Founders | Chris Larsen, Jed McCaleb |
| Key investors | Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, Marshall Wace |
| Funding rounds | Round Series C · Amount $200M · Year 2019 · Investors: Tetragon, SBI Holdings, Route 66 Ventures |
| Key events | Date 2024-12 · Event Launched RLUSD stablecoin on XRP Ledger and EthereumDate 2025-08 · Event SEC appeals dismissed; $125 million penalty left intact |
| Regulatory status | Jurisdiction United States / New York · License type NYDFS approval for RLUSD issuance by Standard Custody & Trust Company, LLC · Status Licensed · Issued 2024 |
| Website | https://ripple.com |
Ripple Labs, Inc., commonly known as Ripple, is a private American technology company specializing in enterprise blockchain solutions for global payments. Founded in 2012 by Chris Larsen and Jed McCaleb, the company is headquartered in San Francisco, United States, and led by CEO Brad Garlinghouse. By late 2024, Ripple held over 75 licenses and registrations worldwide, reinforcing its compliance-first strategy. In August 2025, the SEC's appeals were dismissed, leaving the earlier penalty intact.