Ripple’s RLUSD stablecoin gains Coinbase access as Moody’s awards investment-grade rating

Ripple's RLUSD stablecoin has launched on Coinbase and its Base blockchain after Moody's assigned the token an investment-grade credit rating.The agreement announced Wednesday makes RLUSD available on Coinbase's retail and institutional trading platforms, expanding the dollar-backed cryptocurrency's distribution through the largest US crypto exchange.The development comes as Ripple expands the stablecoin's presence in financial markets following its December 2024 launch, with RLUSD surpassing $2.4 billion in market capitalization.Coinbase expands RLUSD access to its fast-growing Base networkUnder the agreement, customers can now trade and manage RLUSD through Coinbase's retail application, Coinbase Exchange, and Coinbase Prime, its institutional trading and custody platform.The integration also allows customers to convert US dollars and other supported dollar-backed stablecoins into RLUSD at a 1:1 rate.Coinbase will support deposits and withdrawals across three blockchain networks: the XRP Ledger, Ethereum, and Base, its Ethereum Layer 2 network.Ripple will also provide liquidity on Base to support RLUSD trading and adoption across the network's growing ecosystem of decentralized f...