As part of a strategic move to expand its stablecoin offerings, Ripple Labs Inc. has integrated RLUSD directly into the Coinbase ecosystem. This is not just a simple launch. It means the RLUSD stablecoin is officially available on Coinbase’s platforms, including Coinbase Exchange, Coinbase Prime, and the Coinbase retail app, enabling trading and custody across Ethereum, XRP Ledger, and Coinbase’s Base network.
Ripple widens the reach of its stablecoin
The use of stablecoins has significantly evolved, enabling crypto trading, cross-border payments, and compliant business settlements. To capture the burgeoning market demand, Ripple today entered into a strategic partnership with Coinbase to strengthen its footing in the international payments business. The deal enabled Ripple to bring its RLUSD stablecoin to Coinbase infrastructure, seeking to broaden market access and usage of the business-grade stablecoin in America.
The move expands RLUSD’s accessibility to both retail and institutional clients, with Ripple targeting to unlock liquidity on Base, an Ethereum Layer-2 solution developed by the Coinbase exchange. Individual and institutional customers can now trade and manage RLUSD through the Coinbase retail app, Coinbase Prime, and Coinbase Exchange. They can now convert funds between USD, other US-dominated supported stablecoins, and RLUS at a 1:1 ratio, as per the announcement.
RLUS’s recent market performance
The integration means Ripple has positioned itself to offer liquidity on Base to support RLUSD’s growth across the network powered by the Coinbase infrastructure. The addition of the asset to Coinbase’s institutional and retail platforms gives the Ripple’s US dollar-backed stablecoin access to a broader customer base of crypto users.
The incorporation marks a significant milestone for Ripple as it aims to scale up the utility of RLUSD for financial settlements and cross-border payments. Since its launch less than two years ago in December 2024, RLUSD has surpassed $2.4 billion in market cap, making it the ninth-largest stablecoin in the market currently.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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