Original sourceThe Block
Summary
Coinbase expanded Ripple's RLUSD stablecoin to its retail app, Coinbase Exchange, and Coinbase Prime, letting users convert 1:1 with USD or other supported USD-denominated stablecoins, and deposit and withdraw via XRP Ledger, Ethereum, and Coinbase's Base network. Coinbase also said it will soon ex…
Key points
- Users and institutions wanting a compliant stablecoin for settlement or collateral can learn where RLUSD is available, on which chains, and how to convert.
- A major exchange integrating RLUSD into retail and institutional product lines opens broader distribution for a federally supervised stablecoin.
- Institutions can evaluate RLUSD's collateral and settlement uses in Prime and Global Exchange scenarios; retail users gain another USD stablecoin option with 1:1 convertibility and multi-chain access.
- The report notes the move comes right after Ripple received OCC approval to establish a national trust bank.
Editorial note
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