Coinbase adds Ripple's RLUSD stablecoin with transfers on XRPL, Base and Ethereum
Retail and institutional clients can trade RLUSD from Oct. 28, 2026, with 1:1 conversion from U.S. dollars; Global Exchange and collateral use come later.
TL;DR
- Ripple and Coinbase announced on Oct. 28, 2026 that RLUSD is available through Coinbase Prime, Coinbase Exchange and the Coinbase Retail app.
- Clients can convert U.S. dollars and other supported USD stablecoins into RLUSD 1:1; deposits and withdrawals run on the XRP Ledger, Base and Ethereum.
- Ripple says RLUSD has passed $2.4 billion in market capitalization since its December 2024 launch and will provide liquidity on Base.
- Access for Coinbase Global Exchange customers, including RLUSD as collateral, will follow; crypto.news reports no date has been given.
Ripple's dollar stablecoin just landed on the largest U.S. crypto exchange. On Oct. 28, 2026, Ripple and Coinbase announced that retail and institutional clients can trade and manage RLUSD through Coinbase Prime, Coinbase Exchange and the Coinbase Retail app, with 1:1 conversion from U.S. dollars and other supported USD-denominated stablecoins.
What is live and what comes later
- Live now: trading and management of RLUSD on Coinbase Prime, Coinbase Exchange and the Retail app, per Ripple.
- Networks: deposits and withdrawals on the XRP Ledger, Base and Ethereum. Ripple says it will provide liquidity to support RLUSD on Base.
- Later: availability for Coinbase Global Exchange customers, including using RLUSD as collateral. crypto.news reports neither company gave a timeline.
What the companies said
"Our partnership with Coinbase meets that demand head on," said Jack McDonald, SVP of Stablecoins at Ripple, adding that it brings RLUSD "to the largest institutional client base in the U.S. crypto market, across execution, settlement and custody – all in one place." Brett Tejpaul, Co-CEO of Coinbase Institutional, called it "another step toward the everything exchange."
Context
Ripple says RLUSD has surpassed $2.4 billion in market capitalization since launching in December 2024, backed by U.S. dollar deposits, short-term U.S. Treasuries and other cash equivalents. crypto.news notes the companies did not publish a full list of trading pairs, eligible countries or fees, and did not announce a rewards program for RLUSD balances. The listing follows Ripple's announcements during its Swell conference week, including a Robinhood partnership on Oct. 27, 2026, crypto.news reported.
What it means for Web3 teams – Analysis
Exchange distribution is the main bottleneck for any stablecoin. With RLUSD now on Base as well as the XRP Ledger and Ethereum, teams building payments or DeFi products on Base gain another regulated dollar token to support, alongside USDC. Check pair and region availability before integrating. This is not investment advice.
FAQ
When did RLUSD go live on Coinbase?
On Oct. 28, 2026, across Coinbase Prime, Coinbase Exchange and the Coinbase Retail app, per Ripple.
Which blockchains are supported?
Deposits and withdrawals are supported on the XRP Ledger, Base and Ethereum.
Can RLUSD be used as collateral on Coinbase?
Not yet. Ripple says availability for Coinbase Global Exchange customers, including collateral use, will follow; no date was given.
How big is RLUSD?
Ripple says RLUSD has surpassed $2.4 billion in market capitalization since its December 2024 launch.
Sources
News summary based on the sources above. Not investment, legal or tax advice. Editorial policy & corrections · Report an error
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