Ripple and Coinbase have partnered to bring the Ripple USD stablecoin to Coinbase’s retail and institutional platforms, expanding its U.S. distribution beyond exchange trading to execution, settlement and custody. The integration, announced on October 28, 2026, includes dollar conversions and deposits and withdrawals across three blockchain networks.
Key takeaways
RLUSD is available through Coinbase Prime, Coinbase Exchange and the Coinbase Retail app.
Supported dollars and dollar-denominated stablecoins convert into RLUSD at 1:1.
Transfers span XRP Ledger, Base and Ethereum, with Ripple supplying liquidity on Base.
Ripple says RLUSD’s market capitalization has exceeded $2.4 billion.
Coinbase brings Ripple USD stablecoin access to retail and institutions
Both retail and institutional users are now able to buy, sell and hold RLUSD via Coinbase Prime, Coinbase Exchange and the Coinbase Retail app . Ripple said the partnership expands access to its enterprise-focused stablecoin in the U.S. market.
For institutional clients, the integration makes RLUSD available for execution, settlement and custody within Coinbase’s infrastructure . Those services sit at the center of the companies’ pitch: access to a regulated stablecoin through platforms institutions already use.
Jack McDonald, Ripple’s SVP of Stablecoins, described availability, not simply demand, as the challenge facing institutional adoption.
“The challenge is making them readily available through the platforms institutions already trust and use,” McDonald said.
Dollar conversions and transfers across three networks
Coinbase supports 1:1 conversion into RLUSD from U.S. dollars and other supported USD-denominated stablecoins. Customers can also deposit and withdraw the token using XRP Ledger, Base and Ethereum.
The blockchain support gives users more flexibility to move RLUSD across those ecosystems, Ripple said. Alongside the integration, Ripple will provide liquidity on Base to support the token’s growth there.
The rollout combines trading and management access with transfers across multiple networks. Ripple described its broader integrations as extending RLUSD’s distribution across spot trading, institutional prime brokerage, derivatives and decentralized finance.
RLUSD passes $2.4 billion, backed by dollar reserves
The Ripple USD stablecoin has surpassed $2.4 billion in market capitalization since its December 2024 launch, according to Ripple. The company attributed that growth to adoption across exchanges, payments, institutional markets and onchain finance.
RLUSD is a regulated, enterprise-grade stablecoin redeemable for U.S. dollars. According to Ripple, the backing assets consist of U.S. dollar deposits, short-term U.S. Treasuries and other cash equivalents .
Ripple positions the token for regulated finance, emphasizing transparency, trust and institutional utility. The Coinbase partnership adds another venue for those uses, with institutional services covering trading execution through settlement and custody.
Executives focus on institutional stablecoin adoption
Ripple and Coinbase are presenting the integration as a way to give institutions more asset and payment choices within their existing financial infrastructure. Brett Tejpaul, Co-CEO of Coinbase Institutional, said institutions want a broader range of payment options alongside the execution, settlement and custody services they already use.
Tejpaul described adding RLUSD as another step toward Coinbase’s “everything exchange,” where clients can select assets suited to their strategies on infrastructure built for security and compliance.
McDonald and Tejpaul are scheduled to discuss the next phase of institutional stablecoin adoption at Ripple Swell in New York City on October 28, 2026, at 4:45 p.m. ET.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
