Clients can now trade and manage RLUSD through Coinbase Prime, Coinbase Exchange, and the Coinbase Retail application, Ripple announced Wednesday (Oct. 28), with availability on Coinbase Global Exchange, including the use of RLUSD as trading collateral, set to follow.
“Institutional appetite for compliant, high-quality stablecoins is clear,” Jack McDonald, senior vice president of stablecoins at Ripple, said in a news release.
“Our partnership with Coinbase brings RLUSD to the largest institutional client base in the U.S. crypto market, across execution, settlement and custody – all in one place.”
According to the release, the integration allows for deposits and withdrawals across three blockchain ecosystems: Ripple’s XRP Ledger (XRPL), Ethereum mainnet, and Base, Coinbase’s Layer-2 network.
Under the partnership, Ripple will provide liquidity on Base to bolster trading volume and asset movement, with the arrangement distributing Ripple’s coin across spot trading, institutional prime brokerage, derivatives markets and decentralized finance (DeFi) protocols.
“Institutions want access to a full range of payment options, alongside the execution, settlement, and custody they already rely on,” Coinbase Institutional Co-CEO Brett Tejpaul said.
“Adding RLUSD on Coinbase is another step toward one venue where clients choose the assets that fit their strategy.”
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With the partnership, RLUSD is now available across the world’s largest cryptocurrency exchanges and trading platforms, Ripple said. In addition to Coinbase, the company has arrangements with Robinhood, Binance, Kraken and OKX, along with payment settlement partnerships with Cross River and Mastercard.
Also Wednesday, Ripple announced that it is on pace to end the year with $900 million in annualized product revenue.
“Combining native product growth and strategic acquisitions in 2025, the company’s focus this year is integration – and the results speak for themselves,” Ripple said. “With over $16 trillion in transactions enabled across Ripple’s products in 2025, the opportunity to convert this volume onto digital rails is historic.”
These developments continued a busy week for Ripple, which announced Monday (Oct. 26) that the Office of the Comptroller of the Currency had granted its final approval for the national bank charter.
One day later, Ripple announced it is expanding its collaboration with BNY to “broaden institutional digital asset custody capabilities and explore new institutional use cases for blockchain technology, including tokenized trade finance.”
Also on Tuesday (Oct. 27), Ripple said RLUSD will be a “key stablecoin” in Robinhood’s digital asset ecosystem, “expanding access to the enterprise-grade stablecoin for both retail and institutional use.”
Recent PYMNTS Intelligence research shows that while stablecoin payments may have eliminated hours of settlement friction, they haven’t eliminated the financial infrastructure that waits on the other side.
The PYMNTS Intelligence report “Waiting for Certainty: Why Most CFOs Are Holding Back on Crypto and Stablecoins” found in March that 88% of companies receiving stablecoins convert them straight away into U.S. dollars.
“Chief financial officers still run payroll through banks, mid-market suppliers still expect conventional currency, and even the most forward-thinking corporate treasurers still need deposits they can invest, borrow against and use to meet obligations today,” PYMNTS wrote earlier this month.
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