Coinbase Brings Ripple’s Collateral To Major US Platforms

Ripple and Coinbase announced a partnership on October 28 that brings Ripple USD (RLUSD) to Coinbase’s retail and institutional platforms, expanding access to the stablecoin across the U.S. market. Starting immediately, retail and institutional clients can trade and manage RLUSD through Coinbase Prime, Coinbase Exchange, and the Coinbase retail app. Users can convert U.S. dollars and other supported USD-denominated stablecoins into RLUSD on a 1:1 basis. What’s Included In Coinbase’s Deal With Ripple Crypto wallet support for Coinbase Global Exchange customers, including the cutting-edge ability to use RLUSD as collateral is expected to follow.

Source: DailyCoin