Coinbase Adds Ripple’s RLUSD Across Three Networks

Coinbase has added Ripple’s RLUSD stablecoin to its retail app, Coinbase Exchange and Coinbase Prime, making it available to retail and institutional customers across three blockchain networks. The launch took effect Wednesday, October 28, and allows customers to trade and manage RLUSD through Coinbase’s platforms. Deposits and withdrawals are supported on the XRP Ledger, Base and Ethereum. Customers can also convert U.S. dollars and other supported dollar-denominated stablecoins into RLUSD at a one-to-one rate. Coinbase said access for Coinbase Global Exchange customers is expected to follow, including the option to use RLUSD as collateral. No date has been announced for that stage. Coinbase’s current rollout therefore provides access through its retail and institutional services, but does not yet include the planned Global Exchange functionality. Ripple said it will provide liquidity on Base to support RLUSD there. The stablecoin, which launched in December 2024, is redeemable for U.S. dollars and is backed by dollar deposits, short-term U.S. Treasuries and other cash equivalents, according to Ripple. Ripple has said RLUSD’s market capitalization exceeds $2.4 billion....