Coinbase Launches Ripple USD, Challenging Kraken's Market Hold
Photo: U.Today
Major US crypto platform Coinbase has listed the Ripple USD (RLUSD) stablecoin for retail and institutional clients in the Prime and Exchange terminals and the standard app. Conversion to dollars has been launched at a 1:1 ratio across three networks at once: XRP Ledger, Ethereum, and Base. The integration of Ripple's stablecoin product indicates the companies' transition to a direct commercial partnership: on the Base blockchain, the asset's liquidity will be supported by the issuer itself.
Source: U.Today
