Coinbase lists RLUSD stablecoin, aims to challenge Kraken’s US market share

Coinbase, one of the leading cryptocurrency exchanges in the United States, has added the Ripple USD (RLUSD) stablecoin to its offerings. The asset is now available for both retail and institutional clients on Coinbase Prime, the Exchange terminal, and the standard application. RLUSD can be converted to US dollars at a 1:1 ratio across three different blockchain networks: XRP Ledger, Ethereum , and Base. The integration of RLUSD marks a significant step in fostering a direct commercial partnership between Ripple and Coinbase.