Coinbase Adds Ripple’s RLUSD Expanding Dollar Backed Crypto Offerings

TL;DR Coinbase added RLUSD, Ripple’s stablecoin, to its trading platform for retail and institutional clients. RLUSD launched in December 2024 and currently has a market capitalization exceeding $2.5 billion. Ripple developed the stablecoin to facilitate international payments and settlements. The exchange is expanding its stablecoin offerings, which already include Circle’s USDC, PayPal’s PYUSD, and Open USD, backed by a consortium of financial companies. Coinbase announced the addition of RLUSD, Ripple’s U.S. dollar-backed stablecoin , to its cryptocurrency trading platform, expanding the options available to retail and institutional clients. RLUSD will become available across both segments of the platform. Its addition will give Coinbase users access to a stablecoin designed to facilitate international payments and settlement transactions through blockchain infrastructure.

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