Ripple and Coinbase announced a partnership to expand access to RLUSD on Coinbase’s platform, enabling trading and management of RLUSD for individuals and institutions.

In related news, Ripple and Robinhood unveiled a strategic partnership to position RLUSD as a principal stablecoin in Robinhood’s crypto operations.

RLUSD has launched on Coinbase platforms—including Coinbase Prime, Coinbase Exchange, and the Coinbase retail app—using the XRP Ledger, Base, and Ethereum networks to connect institutional and retail users.

If RLUSD displaces XRP in certain payment corridors, demand for XRP could ease, though RLUSD on the XRP Ledger currently uses small XRP fees rather than XRP for settlement.

Moody’s issued a rating for RLUSD, signaling safety and enabling investment by treasurers and funds limited to rated assets.

RLUSD supports on-chain repo markets and dollar demand across Ripple’s products, while XRP remains the bridge asset and XRP Ledger fee currency.

Ripple obtained final approval for Ripple National Trust Bank to manage RLUSD reserves and custody services, though the bank cannot accept insured deposits or make loans.

RLUSD, Ripple’s stablecoin, grew 88% in 2026, bringing market cap to about $2.6 billion, while XRP declined about 31%.

Ripple says it will not abandon XRP and sees RLUSD as a complement; some payments may benefit from fiat plus RLUSD over XRP.

RLUSD will be accessible across three blockchains—XRPL, Base, and Ethereum—for deposits and withdrawals to boost multi-chain liquidity and usability.

RLUSD disclosures avoid naming XRP in Coinbase and repo deals, underscoring RLUSD as a dollar solution across Ripple’s ecosystem.

Ripple will provide liquidity on Base to support RLUSD growth, emphasizing regulatory compliance and high-quality stablecoins for institutional use.