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Ripple's RLUSD stablecoin is now on Coinbase. What changes for Coinbase users

Coinbase added Ripple's RLUSD stablecoin to its app, Exchange and Prime on October 28, 2026. What you can do with it, which networks work, and a lookalike token to avoid.

By Beginner5 min readPublished October 28, 20268 sources
On this page
  1. What happened
  2. What RLUSD is, in brief
  3. What changes for a regular Coinbase user
  4. The takeaway

Key takeaways

  • On October 28, 2026, Coinbase and Ripple both announced that RLUSD, Ripple's US dollar stablecoin, is now supported on Coinbase. Coinbase posted it on its own blog and on two of its verified X accounts.
  • Coinbase says that, where it is offered, customers can now buy, sell and hold RLUSD in the regular Coinbase app, on Coinbase Exchange and on Coinbase Prime, and can convert US dollars into RLUSD one for one.
  • Sends and receives work on three networks: the XRP Ledger, Ethereum and Base. Sending on the wrong network, or buying or accepting a lookalike token, can lose your money.
  • RLUSD on Coinbase is still a stablecoin, not a bank deposit. The FDIC lists crypto assets as not covered by deposit insurance.

Coinbase now supports RLUSD, Ripple's US dollar stablecoin. Both companies announced it on the morning of October 28, 2026. Unlike Ripple's Robinhood deal a day earlier, this one reaches Coinbase's main consumer app right away, in regions where Coinbase supports it.

What happened

Ripple published a press release calling it a partnership "to bring Ripple USD (RLUSD) to Coinbase." Coinbase confirmed its side the same morning in a post on its own blog, titled "RLUSD is now available on Coinbase," and on two of its verified X accounts. Coinbase Institutional wrote: "Ripple USD, meet Coinbase."

According to Coinbase's post, starting October 28, customers in supported regions can:

  • Buy, sell and hold RLUSD in the Coinbase app, on Coinbase Exchange and on Coinbase Prime, its service for institutions.
  • Convert US dollars into RLUSD at a one-for-one rate. Ripple's release adds that some other dollar stablecoins Coinbase supports can also be converted into RLUSD one for one.
  • Deposit and withdraw RLUSD on three networks: the XRP Ledger, Ethereum and Base, an Ethereum layer-2 network.

Two pieces aren't live yet. Coinbase says customers of Coinbase Global Exchange will get RLUSD later, including the option to use it as collateral. Ripple also says it will provide liquidity for RLUSD on Base.

What RLUSD is, in brief

RLUSD is designed to stay worth $1. Ripple says it launched in December 2024, and it is issued by a New York trust company supervised by the state's financial regulator, NYDFS. Ripple says it's backed by US dollar deposits, short-term US Treasuries and other cash equivalents. Ripple pitches it mainly at institutions, and Coinbase's post frames the listing the same way, as another regulated dollar option for institutions. Our RLUSD page covers the reserves, attestations and risks.

It's one of several RLUSD announcements this week. Ripple's trust bank got final OCC approval, Moody's rated RLUSD, and Ripple announced deals with Robinhood and BNY and C2FO. Our trust bank post explains the charter and the Moody's rating.

What changes for a regular Coinbase user

  • A new stablecoin option. If you live in a supported region, you can now hold RLUSD in the Coinbase app alongside other stablecoins. Check the app itself, since Coinbase only says "supported regions."
  • Getting it on and off Coinbase. You can send RLUSD to, or withdraw it from, an outside wallet on the XRP Ledger, Ethereum or Base. The network must match on both ends. RLUSD also exists on other networks, such as Optimism and Unichain, that use the same address as Base, but Coinbase supports only the XRP Ledger, Ethereum and Base. A transfer sent on the wrong network can be lost.
  • No reason to switch. A dollar stablecoin isn't an investment and isn't meant to gain value. Neither announcement we read mentions rewards on RLUSD balances.

The takeaway

RLUSD is now on Coinbase, inside the same app many beginners already use, and both companies confirmed it. For most people, that means one more dollar stablecoin to choose from, not a reason to buy anything. If you use it, check the network and the token address, and remember it isn't insured cash. Be wary of anyone using the news to pitch "Ripple x Coinbase" giveaways or RLUSD airdrops; neither company has announced any. This is education, not financial advice, and it reflects the companies' announcements as of October 28, 2026.

Frequently asked questions

Can I buy RLUSD in the Coinbase app now?

Coinbase says yes for customers in supported regions: you can trade RLUSD in the Coinbase app and convert US dollars into it one for one. Availability depends on where you live, so check the app itself. Coinbase says support for its Global Exchange customers, including using RLUSD as collateral, will come later.

Which networks can I use to send or receive RLUSD on Coinbase?

Coinbase says sends and receives of RLUSD work on Base, Ethereum and the XRP Ledger. Always pick the same network on both ends of a transfer, and compare the token address with the one Ripple publishes on its own documentation site.

Is RLUSD on Coinbase FDIC insured?

No. FDIC insurance covers deposits at FDIC-insured banks, and the FDIC lists crypto assets as not covered. A stablecoin held on an exchange is a crypto asset. Its value depends on its issuer's reserves and on being able to redeem it.

Is this an XRP listing?

No. XRP is a separate cryptocurrency that Coinbase already lists. This announcement is about RLUSD, Ripple's dollar stablecoin, which is designed to stay at $1. The XRP Ledger is just one of the networks it runs on. This is not a reason to buy or sell anything.

Sources

  1. RLUSD is now available on Coinbase (October 28, 2026) — Coinbase
  2. Ripple and Coinbase Partner to Expand Access to Ripple USD (October 28, 2026) — Ripple
  3. Coinbase Institutional on X: RLUSD now supported (October 28, 2026) — Coinbase Institutional on X
  4. Coinbase Assets on X: RLUSD sends and receives (October 28, 2026) — Coinbase Assets on X
  5. RLUSD token addresses — Ripple Docs
  6. RIPPLE USD (RLUSD) on Base: unreviewed DEX asset page — Coinbase
  7. Ripple USD (RLUSD) — Ripple
  8. Understanding Deposit Insurance — FDIC

Published October 28, 2026 by . Educational content, not financial, legal or tax advice. Spot an error? Request a correction.

About the author

Dave McNaught has worked in IT since 1999 and founded All Business Technologies (ABT) in 2003, a Boston-area firm providing Managed IT, Cybersecurity, Managed AI, Web Design and App Development. He publishes The Crypto Guide.

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