Ripple USD (RLUSD) vs Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO)

Ripple USD (“RLUSD”), issued by Standard Custody & Trust Company, LLC, a wholly owned subsidiary of Ripple Labs, is a USD denominated stablecoin created with trust, liquidity, and compliance at its core. Each RLUSD is backed by at least an equivalent amount of U.S. dollars and other cash equivalents. RLUSD is purpose-built for cross-border payments and delivers reliable access to digital dollars. As an industry leader for over a decade, Ripple has a proven track record of delivering breakthrough blockchain solutions at scale. Strong ecosystem relationships built over a decade facilitates RLUSD’s broad accessibility for use by financial institutions, enterprises and developers. Ripple’s commitment to regulatory compliance, combined with its global license portfolio, enables RLUSD users to transact with confidence. RLUSD delivers the reliability of USD combined with the efficiencies of blockchain technology in a trusted, liquid, and compliant manner.

SAFO (Spiko Amundi Overnight Swap Fund) is a tokenized UCITS fund launched by Spiko and Amundi, Europe's largest asset manager. The EUR share class (eurSAFO) allows investors to subscribe from as little as 1 EUR. SAFO generates stable yields above the €STR benchmark through fully collateralized total return swaps with top-tier banks (starting with BNP Paribas), while maintaining overnight liquidity. The shareholder register is hosted on Ethereum, Polygon PoS, Arbitrum One, Starknet, Base, Etherlink, and Stellar. CACEIS (Crédit Agricole group) acts as depositary bank, PwC as auditor, and Chainlink provides on-chain NAV oracle feeds. The fund is supervised by the French AMF.