Coinbase adds Ripple USD support, boosting stablecoin’s accessibility

Coinbase and Coinbase Prime have officially added support for Ripple USD (RLUSD), enhancing the stablecoin’s accessibility through a major exchange and institutional platform. This development allows for 1:1 conversion between RLUSD and U.S. dollars, potentially broadening the currency’s base of users and market integration. Ripple USD, a stablecoin issued on the XRP Ledger and Ethereum , maintains its value through backing by cash and similar high-quality liquid assets. The move comes as Ripple continues to expand its presence in the digital currency space, with Coinbase’s endorsement marking a significant step in Ripple USD’s adoption.