Ripple has expanded the reach of its stablecoin, RLUSD, by listing it on Coinbase’s institutional and retail platforms. The move allows clients to trade and manage RLUSD through Coinbase Prime, Coinbase Exchange, and the Coinbase Retail app, with additional availability on Coinbase Global Exchange expected soon. Jack McDonald, senior vice president of stablecoins at Ripple, highlighted the growing demand for compliant stablecoins, noting that the partnership brings RLUSD to the largest institutional client base in the U.S. crypto market.
The integration supports deposits and withdrawals across three blockchain ecosystems: Ripple’s XRP Ledger (XRPL), Ethereum mainnet, and Base, Coinbase’s Layer-2 network. Ripple will also provide liquidity on Base to enhance trading volume and asset movement, distributing RLUSD across spot trading, institutional prime brokerage, derivatives markets, and decentralized finance (DeFi) protocols. Brett Tejpaul, Coinbase Institutional Co-CEO, emphasized the importance of offering a full range of payment options alongside execution, settlement, and custody services.
In addition to Coinbase, RLUSD is now available on major cryptocurrency exchanges and trading platforms, including Robinhood, Binance, Kraken, and OKX. Ripple also announced it is on track to end the year with $900 million in annualized product revenue, driven by native product growth and strategic acquisitions in 2025. The company reported enabling over $16 trillion in transactions across its products last year.
This week has been significant for Ripple, which received final approval for a national bank charter from the Office of the Comptroller of the Currency on Monday. The company also expanded its collaboration with BNY to broaden institutional digital asset custody capabilities and explore new use cases for blockchain technology, including tokenized trade finance. On Tuesday, Ripple announced that RLUSD will be a key stablecoin in Robinhood’s digital asset ecosystem, expanding access for both retail and institutional users.