The Big Four accounting and auditing firm Deloitte has confirmed that Ripple's U.S. dollar-denominated stablecoin, RLUSD, is fully backed by reserves. The report also confirmed that the reserve structure aligns with New York Department of Financial Services guidance on dollar-backed stablecoins. As of Feb. 19, RLPD held $1.61 billion in reserves against 1.53 billion tokens in circulation. The examination was conducted in accordance with attestation standards by the American Institute of Certified Public Accountants (AICPA).