RLUSD Expands on Coinbase as Ripple Reports Growth

| crypto.news
Coinbase added Ripple’s RLUSD stablecoin to its retail app, Coinbase Exchange and Coinbase Prime on 28 October. Customers can deposit and withdraw RLUSD across the XRP Ledger, Ethereum and Base, and convert US dollars and eligible dollar-denominated stablecoins into RLUSD at a 1:1 rate. Ripple says RLUSD’s market capitalisation has surpassed $2.4 billion since its December 2024 launch. Ripple will provide liquidity on Base, while support for RLUSD as collateral on Coinbase Global Exchange is planned for a later stage, with terms and timing undisclosed. The expanded listing gives RLUSD holders more trading and transfer options, but exchange access does not guarantee direct dollar redemption. Redemption depends on issuer eligibility, platform rules, liquidity and banking arrangements. RLUSD is issued by Standard Custody & Trust Company, with BNY as its primary reserve custodian; Ripple says reserves include dollar deposits, short-term US Treasuries and cash equivalents. The listing comes as Ripple reports broader institutional growth. More than 1,700 institutions and businesses use its infrastructure, and the company says its customer count has tripled this year. Ripple products enabled more than $16 trillion in transactions during 2025, while Ripple Payments has recorded nearly $150 billion in lifetime volume across more than 60 payout markets. Ripple also targets an annualised product revenue run rate of nearly $900 million by the end of 2026. Wider RLUSD access could support adoption, but its market capitalisation does not prove Coinbase inflows or real-world payment use, and any effect on XRP demand will depend on actual activity.
Neutral
The Coinbase rollout could raise RLUSD’s visibility and liquidity, but its direct price implications for XRP are uncertain. RLUSD is a separate stablecoin, and broader access does not automatically create demand for XRP. Ripple’s reported institutional growth and transaction volumes may strengthen confidence in its wider ecosystem over the longer term, while planned RLUSD collateral support could add utility if it launches and attracts meaningful use. In the short term, traders may respond to the listing and Ripple’s growth figures, but the reported market capitalisation alone does not establish Coinbase inflows, payment adoption or increased XRP usage. As a result, this news is not a clear directional catalyst for XRP; price effects will depend on subsequent activity and broader market conditions.