Coinbase Adds Ripple Stablecoin
Cryptocurrency exchange Coinbase is adding Ripple stablecoin RLUSD to its retail and institutional platforms. The token has a market capitalization exceeding two billion dollars. This expansion builds on previous support for dollar backed digital assets.
Insights:
Cryptocurrency exchange Coinbase is adding Ripple's RLUSD stablecoin to its platform, expanding its slate of dollar-backed crypto tokens with an asset boasting a $2.5B market capitalization. The integration follows the stablecoin's December 2024 launch by blockchain payments company Ripple to facilitate near-instant cross-border settlement. The move diversifies Coinbase's product offerings beyond established tokens like Circle's USDC and PayPal's PYUSD.
