A dollar-linked token has passed $2.6 billion in market value and is now on Coinbase.
Ripple's stablecoin, RLUSD, has surpassed $2.6 billion in market value and is now available on Coinbase's platforms. The partnership allows retail and institutional clients to trade and manage RLUSD. Ripple and Coinbase aim to expand market access and utility for the stablecoin, which is regulated and redeemable for USD. RLUSD is supported across the XRP Ledger, Base, and Ethereum.
How this was made
The 30-second read
Why it matters
The immediate trading availability on Coinbase platforms can increase RLUSD accessibility for both retail and institutional users, potentially improving liquidity and usage.
Market read
Traders may reassess Coinbase’s stablecoin distribution momentum and institutional stablecoin access pipeline based on today’s RLUSD listing.
What to watch
Regulatory and redemption/liquidity dynamics for RLUSD, plus Coinbase’s ability to attract institutional stablecoin allocations, are not quantified here.
Background
Ripple launched RLUSD in December 2024 and is now expanding access through a partnership with Coinbase across multiple blockchain ecosystems.
Ticker impact
Coinbase is the named venue adding Ripple USD (RLUSD) to Coinbase Prime, Coinbase Exchange, and its retail app starting today.
Likely modest positive bias as traders price in improved stablecoin distribution and institutional access.
The article is a direct, same-day product distribution update for Coinbase’s stablecoin infrastructure, but it provides no quantitative revenue or volume figures.
Market effects
Stablecoin distribution via major exchanges may intensify competition for institutional stablecoin liquidity and custody rails.
US-listed crypto infrastructure names may see sentiment spillover from improved stablecoin access.
Cross-chain support (XRPL, Base, Ethereum) highlights broader interoperability trends that can affect stablecoin adoption globally.
Counterpoint
A listing alone may not move earnings materially unless the article’s missing data (flows, liquidity, redemption volumes) shows sustained traction.
Key entities
- companyRipple
Blockchain solutions provider partnering to bring its enterprise stablecoin RLUSD to Coinbase platforms.
- companyCoinbase
Crypto exchange platform adding RLUSD support across Coinbase Prime, Coinbase Exchange, and retail app.
- assetRipple USD (RLUSD)
Enterprise-grade stablecoin described as redeemable 1:1, supported across XRPL, Base, and Ethereum.


