Coinbase lists Ripple's $2.5B RLUSD stablecoin on retail and institutional platforms.
DeFi & Yields ·
Coinbase has made Ripple's RLUSD stablecoin available on both its retail and institutional trading platforms. The stablecoin carries a $2.5 billion designation. This listing represents an expansion of the asset's exchange access and availability to institutional market participants.
RLUSD is Ripple's stablecoin offering, and its addition to Coinbase's platforms extends distribution beyond previous venues. The move allows both retail and institutional users to trade the asset through Coinbase's infrastructure, broadening the pool of potential holders and liquidity sources.
The listing does not yet clarify Coinbase's long-term merchant or payment integration plans for RLUSD, nor does it specify which trading pairs or regions will support the stablecoin first.