00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Coinbase is adding Ripple's dollar-backed stablecoin RLUSD to its retail and institutional
00:08platform starting Wednesday, expanding its cryptocurrency offerings, according to Reuters.
00:13Ripple launched RLUSD in December 2024 to facilitate near-instant settlement of cross-border
00:20payments. The stablecoin has a market capitalization exceeding $2.5 billion,
00:25according to CoinGecko. Coinbase previously focused on Circle's USDC, but has expanded
00:31its offerings to include PayPal's PYUSD and OpenUSD, a stablecoin issued through a joint
00:38venture backed by Visa, MasterCard, and Coinbase. Ripple's senior vice president of stablecoins,
00:45Jack McDonald, called the Coinbase listing a really credentializing moment for RLUSD.
00:51Stablecoins are primarily used for cryptocurrency trading, but can also facilitate instant payments
00:56and corporate treasury management. For all things money, visit Benzinga.com.
