Ripple’s RLUSD Stablecoin Launches on Coinbase for Retail…
By Abdelaziz Fathi
AI summary of the source article
Coinbase has added Ripple's RLUSD stablecoin to its retail application, Coinbase Exchange, and Coinbase Prime. The integration enables eligible customers to trade, deposit, and withdraw RLUSD across the XRP Ledger, Ethereum, and Base networks.
Why it matters
The distinction matters because the current launch expands distribution, while the planned collateral functionality could extend the token into institutional trading and financing workflows.
Key facts
- Coinbase launched Ripple's dollar-backed RLUSD stablecoin on its retail app, Coinbase Exchange, and Coinbase Prime on October 28.
- Deposits and withdrawals are supported on the XRP Ledger, Ethereum, and Base network, with 1:1 conversions available for US dollars and supported stablecoins.
- On October 28, Moody's assigned RLUSD an A2 long-term deposit rating and a P-1 short-term deposit rating.
Source excerpt · FinanceFeeds
Coinbase has added Ripple's RLUSD stablecoin to its retail application, Coinbase Exchange and Coinbase Prime, giving the dollar-backed token access to a broader pool of retail and institutional customers as Ripple expands its regulated financial infrastructure.Announced on October 28, the integration allows eligible customers to trade and manage RLUSD across the three platforms, with deposits and…