Ripple and Coinbase have expanded access to Ripple USD (RLUSD), bringing the stablecoin to retail and institutional customers across major trading platforms. The partnership supports deposits and withdrawals across the XRP Ledger (XRPL), Base, and Ethereum, giving users more flexibility when transferring digital dollars.
Coinbase customers can now access RLUSD through Coinbase Prime, Coinbase Exchange, and its retail app. Additionally, users can convert U.S. dollars and other supported dollar-denominated stablecoins into RLUSD at a 1:1 ratio.
RLUSD Expands Across Institutional Markets
The integration strengthens RLUSD’s presence across trading, settlement, custody, and decentralized finance. Consequently, institutional clients gain another option for managing digital-dollar transactions through infrastructure they already use.
Ripple will also provide liquidity for RLUSD on Base to support adoption across the network. However, Coinbase Global Exchange customers must await further availability, including the option to use RLUSD as collateral.
RLUSD Market Capitalization Surpasses $2.6 Billion
Since launching in December 2024, RLUSD has grown beyond $2.6 billion in market capitalization. Moreover, Moody’s assigned the stablecoin A2 long-term and P-1 short-term deposit ratings on Wednesday, citing its reserve assets’ credit quality and market value.
RLUSD maintains dollar redemption and reserves backed by U.S. dollar deposits, short-term Treasury securities, and cash equivalents. Hence, the partnership could help Ripple reach more users as demand for regulated stablecoins grows.
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