Key facts
- Coinbase is adding Ripple's stablecoin RLUSD to its platform.
- RLUSD has a market capitalization of over $2.5 billion.
- The stablecoin will be available starting Wednesday across Coinbase's retail and institutional platforms.
Cryptocurrency exchange Coinbase is expanding its slate of dollar-backed crypto tokens by adding Ripple's stablecoin RLUSD to its platform. The move is considered a boost for Ripple, which launched RLUSD in December 2024 to facilitate near-instant settlement of cross-border payments. The stablecoin has a market capitalization exceeding $2.5 billion, according to data provider CoinGecko. RLUSD will be available starting Wednesday across Coinbase's retail and institutional platforms. Coinbase has gradually expanded its stablecoin offerings to include PayPal's PYUSD and Open USD, in addition to Circle's USDC.