Ripple USD Reaches Coinbase as RLUSD Expands Across Three Blockchains

TL;DR: Coinbase confirmed on October 28 that Ripple USD, or RLUSD, is available to eligible users on Coinbase Prime, Coinbase Exchange and the consumer application. The market significance is competitive rather than a direct prediction for XRP. Coinbase confirmed on October 28 that Ripple USD, or RLUSD, is available to eligible users on Coinbase Prime, Coinbase Exchange and the consumer application. The company supports deposits and withdrawals on the XRP Ledger, Base and Ethereum, while dollar-to-RLUSD conversion at one-to-one is part of the initial offering. Coinbase says availability through its Global Exchange and potential use of RLUSD as collateral will follow. Ripple also intends to supply liquidity on Base. This is a distribution expansion for a dollar-referenced token rather than the launch of a new cryptocurrency.

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