Ripple Partners with Coinbase to Expand RLUSD Access

TechFlow reported on Oct. 28 that, according to Ripple's official press release, Ripple and Coinbase have announced a partnership. RLUSD, the stablecoin issued by Ripple, is now available on Coinbase Prime, Coinbase Exchange, and the Coinbase retail app, supporting 1:1 conversion from USD and other supported USD stablecoins into RLUSD. RLUSD supports deposits and withdrawals across XRPL, Base, and Ethereum. Ripple will provide liquidity on Base. Support for Coinbase Global Exchange customers, including using RLUSD as collateral, will be rolled out later. RLUSD was launched in December 2024 and currently has a market cap exceeding $2.4 billion.

Source: TechFlow