Ripple and Coinbase announced a partnership on October 28, 2026, to expand access to Ripple USD (RLUSD), the enterprise-grade stablecoin, across Coinbase’s retail and institutional trading platforms in the United States. The integration enables customers to 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. Availability on Coinbase Global Exchange, including RLUSD as collateral, will follow.
- RLUSD Market Cap: $2.4 billion since December 2024 launch
- Supported Blockchains: XRP Ledger (XRPL), Base, and Ethereum
- Backing: U.S. dollar deposits, short-term U.S. Treasuries, and cash equivalents
- Platforms: Coinbase Prime, Coinbase Exchange, Coinbase Retail app
The stablecoin will be accessible across multiple blockchain ecosystems through deposits and withdrawals on XRPL, Base, and Ethereum. Ripple will provide liquidity on Base to support RLUSD adoption. The partnership extends RLUSD’s utility into spot trading, institutional prime brokerage, derivatives, and decentralized finance, broadening its distribution channels for both retail and institutional users.
Institutional appetite for compliant, high-quality stablecoins is clear. The challenge is making them readily available through the platforms institutions already trust and use. Our partnership with Coinbase meets that demand head on. It brings RLUSD to the largest institutional client base in the U.S. crypto market, across execution, settlement and custody – all in one place.
– Jack McDonald, SVP of Stablecoins, Ripple
Institutions want access to a full range of payment options, alongside the execution, settlement, and custody they already rely on. Adding RLUSD on Coinbase is another step toward the everything exchange – one venue where clients choose the assets that fit their strategy, on infrastructure built for security and compliance.
– Brett Tejpaul, Co-CEO, Coinbase Institutional
Ripple, founded in 2012, operates over 85 licenses globally and provides blockchain solutions for payments, custody, prime brokerage, and treasury management. Coinbase (NASDAQ: COIN) operates the largest crypto platform by assets under custody and is building an integrated exchange for crypto, equities, derivatives, and prediction markets.
Jack McDonald, SVP of Stablecoins at Ripple. Source: LinkedIn
Brett Tejpaul, Co-CEO at Coinbase Institutional. Source: LinkedIn
