Ripple and Coinbase partner to expand access to $2.6 billion RLUSD stablecoin

The integration is expected to expand the coin's distribution across spot markets, prime brokerage, derivatives and decentralized finance. Coinbase has teamed up with Ripple to bring RLUSD, Ripple’s flagship stablecoin, to its retail and institutional platforms, the companies said Wednesday. Beginning October 28, customers can trade and manage RLUSD through Coinbase Prime, Coinbase Exchange and the Coinbase Retail app, with 1:1 conversion available from US dollars and other supported USD-denominated stablecoins. Coinbase Global Exchange support, including the use of RLUSD as collateral, will be introduced later.