Add as a preferred source on GoogleRipple Adds RLUSD to Coinbase's Retail and Institutional Platforms
Customers can convert U.S. dollars and other supported dollar-denominated stablecoins into RLUSD at a 1:1 rate. Coinbase Global Exchange trading and collateral use are planned for later.
Ripple has partnered with Coinbase to add its dollar-backed Ripple USD (RLUSD) stablecoin to the exchange’s retail and institutional platforms, widening customer access to the token.
Customers can trade and manage RLUSD through Coinbase Prime, Coinbase Exchange and Coinbase’s retail app. They can convert U.S. dollars and other supported dollar-denominated stablecoins into RLUSD at a 1:1 rate.
Trading on Coinbase Global Exchange is planned for later. Customers there will also be able to use RLUSD as collateral.
The Coinbase partnership follows Robinhood’s planned RLUSD app rollout and settlement partnership with Ripple.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.