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Coinbase lists Ripple's RLUSD stablecoin across retail, exchange and Prime

Coinbase has added Ripple's RLUSD stablecoin to its retail app, exchange and Prime platforms, supporting the XRP Ledger, Base and Ethereum, as the token's market capitalisation passes $2.6bn.

Why it matters: The listing puts RLUSD on one of the largest US crypto platforms, widening its use in trading, collateral and settlement and sharpening competition among stablecoins.

InvestIn.News NewsDesk · 1 min read
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Picture from Bitcoin.com News for: Coinbase lists Ripple's RLUSD stablecoin across retail, exchange and Prime
Image: Bitcoin.com News
Original reporting: Emmanuel Musa, Bitcoin.com News

Key points

  • RLUSD is available on Coinbase's retail app, the Coinbase exchange and Coinbase Prime, with 1:1 conversion from US dollars and supported dollar stablecoins.
  • RLUSD launched in December 2024 and has grown to more than $2.6bn in market capitalisation, backed by cash, short-term US Treasuries and cash equivalents.

Coinbase has added Ripple's RLUSD stablecoin across its retail app, its exchange and Coinbase Prime, giving institutional and individual clients access to the token on infrastructure they already use, Bitcoin.com News reports. Users can convert US dollars and supported dollar-denominated stablecoins into RLUSD at a 1:1 rate.

Brett Tejpaul, co-CEO of Coinbase Institutional, said the access lets clients pick assets that fit their strategy.

The token launched in December 2024 and has passed $2.6bn in market capitalisation, with use across exchanges, payments, institutional markets and DeFi. It is redeemable for US dollars and backed by cash deposits, short-term US Treasuries and other cash equivalents.

For Ripple, the integration moves RLUSD beyond payments and settlement into a wider trading and custody ecosystem. For Coinbase, it fits its push to become an "everything exchange". The article notes that stablecoin competition is increasingly about distribution, liquidity and interoperability as much as market capitalisation.

Read the full story on Bitcoin.com News

Live updates on NewsFeeds:StablecoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Bitcoin.com News’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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