Ripple launches its RLUSD stablecoin on Coinbase platforms
Ripple and Coinbase announced a partnership that makes Ripple's dollar‑backed stablecoin RLUSD available to retail and institutional customers on Coinbase Prime, Coinbase Exchange and the Coinbase retail app. The token can be deposited, withdrawn and traded on the XRP Ledger, Ethereum and Coinbase’s Base network, with Ripple providing on‑chain liquidity for Base. Executives Jack McDonald of Ripple and Brett Tejpaul of Coinbase highlighted the move as a response to growing institutional demand for regulated digital dollars.
Why it matters
The listing gives Coinbase a new dollar‑linked asset, potentially increasing trading volume and custody revenue, while Ripple gains broader U.S. distribution for RLUSD. Analysts note that the addition could boost Coinbase’s stablecoin‑related fees, though no specific forecast was provided in the materials.
Key facts
- 1The partnership was announced on Wednesday, Oct. 28, 2026. crypto.news
- 2RLUSD is now available on Coinbase Prime, Coinbase Exchange and the Coinbase retail app. crypto.news
- 3Deposits and withdrawals are supported on the XRP Ledger, Ethereum and Base networks. crypto.news
- 4Ripple will provide direct on‑chain liquidity for RLUSD on Base. thecryptobasic.com
- 5Jack McDonald is Ripple’s senior vice‑president of stablecoins. crypto.news
- 6Brett Tejpaul is co‑CEO of Coinbase Institutional. crypto.news
Open questions
- Conflicting market‑cap figures for RLUSD: $2.4 B, $2.5 B, $2.6 B, $2.58 B, $2.49 B.
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.