Ripple's RLUSD Stablecoin Now Trades on Coinbase After Moody's Rating
Ripple's dollar-backed stablecoin RLUSD is now live on Coinbase and the Base blockchain, after Moody's gave it an investment-grade credit rating. The deal, announced Wednesday, makes RLUSD available to both retail and institutional traders on Coinbase, which is the largest US crypto exchange. Wider access could make the stablecoin easier to buy, sell and move for traders.
Why it matters
- Moody's investment-grade rating may increase confidence in RLUSD as a dollar-backed asset.
- Listing on Coinbase's retail and institutional platforms gives traders more direct access to the token.
- Availability on the Base blockchain adds another network where RLUSD can be used.
What to watch next
Watch for RLUSD trading volumes and liquidity on Coinbase in the coming days, and any further exchange listings or Ripple expansion announcements.
