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Ripple partners with Coinbase to expand RLUSD access

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Ripple partners with Coinbase to expand RLUSD access

Ripple has partnered with Coinbase to make its RLUSD stablecoin available across the exchange operator's platforms, broadening access for retail and institutional users in the US.

The rollout covers Coinbase Prime, Coinbase Exchange and the Coinbase retail app, with deposits and withdrawals supported on the XRP Ledger, Base and Ethereum. Coinbase Global Exchange customers will also gain access later, including the ability to use RLUSD as collateral.

The announcement was one of several updates from Ripple as it outlined broader growth across stablecoins, custody, trade finance and treasury services. It also disclosed a projected annualised product revenue run rate of USD $900 million and said product revenue rose 58% year on year from the third quarter of 2025 to the third quarter of 2026.

RLUSD, which launched in late 2024, has surpassed USD $2.4 billion in market capitalisation, according to Ripple. The stablecoin is redeemable for US dollars and backed by reserves including US dollar deposits, short-term US Treasuries and other cash equivalents.

"Institutional appetite for compliant, high-quality stablecoins is clear. The challenge is making them readily available through the platforms institutions already trust and use," said Jack McDonald, SVP of Stablecoins at Ripple.

"Our partnership with Coinbase meets that demand head on. It brings RLUSD to the largest institutional client base in the US crypto market, across execution, settlement and custody, all in one place," McDonald said.

Coinbase described the arrangement as a response to client demand for a wider range of settlement and payment options alongside custody and trading access.


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