The integrations extend the stablecoin across spot trading, institutional prime brokerage, derivatives and decentralised finance (DeFi), broadening its distribution and utility.
San Francisco-based Ripple Labs (Ripple) has formed a partnership with Coinbase to bring Ripple USD (RLUSD) to Coinbase for market expansion and providing utility for stablecoins in the US. Adding RLUSD on Coinbase is another step towards the everything exchange - Brett Tejpaul, Coinbase Institutional RLUSD is a regulated, enterprise-grade stablecoin launched in December 2024. It is redeemable for US dollars and backed by reserves including USD deposits, short-term US treasuries as wel