Coinbase added Ripple’s RLUSD stablecoin to its retail app, exchange and Prime service, allowing individual and institutional clients to trade and manage it. Users can convert U.S. dollars and supported dollar-denominated stablecoins into RLUSD at a 1:1 rate. Support on Coinbase Global Exchange, including use of RLUSD as collateral, is expected to follow.
Coinbase says it will support RLUSD deposits and withdrawals on the XRP Ledger, Base and Ethereum. Ripple plans to provide liquidity on Base. The source puts RLUSD’s market capitalization at more than $2.6 billion.
