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Coinbase Lists Ripple's RLUSD Stablecoin, Supporting XRP Ledger, Ethereum, and Base Networks
Coinbase has listed Ripple's RLUSD stablecoin for retail and institutional clients, supporting 1:1 redemption for USD on the XRP Ledger, Ethereum, and Base networks. This move challenges Kraken's dominance in regulated RLUSD-USD trading pairs in the United States. The RLUSD project has a market capitalization of $2.4 billion and was initially aimed at the enterprise sector. This listing coincides with the Office of the Comptroller of the Currency (OCC) approving the establishment of Ripple National Trust Bank, and Moody's previously rating RLUSD at A2 and P-1.
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