Ripple Expands From Robinhood to Coinbase as RLUSD Gains Ground
Ripple is bringing RLUSD to Coinbase , expanding access to its stablecoin just days after striking with Robinhood .What the Coinbase Partnership Actually CoversRipple announced Wednesday that retail and institutional clients can now trade and manage RLUSD through Coinbase Prime, Coinbase Exchange and the Coinbase retail app, with 1:1 conversion from dollars and other USD-denominated stablecoins into RLUSD .Support for Coinbase Global Exchange customers, including using RLUSD as collateral, is coming next.Ripple SVP of Stablecoins Jack McDonald said in a statement that institutional appetite for compliant stablecoins is clear, and the challenge has been making them accessible through platforms institutions already trust.Coinbase Institutional Co-CEO Brett Tejpaul called the integration another step toward an "everything exchange" where clients pick assets that fit their strategy on secure, compliant infrastructure.RLUSD now supports deposits and withdrawals across the XRP Ledger, Base and Ethereum , giving users flexibility to move the token across blockchain ecosystems.Ripple will also provide liquidity on Base to support RLUSD’s growth there. Since launching in December 2024, RLUSD has surpassed $2.4 billion in market capitalization.Why Ripple Expects $900 Million in Annualized RevenueRipple said Wednesday as cited by The Block it expects to exit 2026 with a $900 million annualized product revenue run rate, driven by growth across payments, custody, stablecoins, prime brokerage and treasury services.Customers using multiple Ripple products have tripled this year, and Ripple’s payments network is approaching $150 billion in lifetime volume."As traditional and digital finance converge, market infrastructure is migrating to modern rails," Ripple CEO Brad Garlinghouse said."Settlement is moving to real-time, 24/7, and tokenized assets can be traded, financed and used as collateral," he added.The momentum follows a busy stretch for Ripple:OCC approval: Monday to launch a national trust bank, while expanding its BNY partnership around tokenized trade finance on the XRP LedgerAviva Investors: share class of its £22 billion sterling liquidity fund on the XRP Ledger, investing £50 million into itBrevan Howard: expanded its Ripple relationship to , clearing and financingRipple Prime: added swaps referencing more than 100 markets this month, with 24/7 trading and RLUSD usable as collateralKansas Jayhawks: became Ripple’s sponsorship, the first time a cryptocurrency appeared on a major program’s jerseysDespite the momentum, XRP remains down nearly 30% this year, with an $83 billion market cap.Spot XRP ETF volumes have climbed recently but still trail Bitcoin , Ethereum and Solana ETFs, with total net assets near $1.5 billion as of Oct. 26.Preview Image: Shutterstock