Ripple's RLUSD stablecoin has officially been listed on Coinbase, although it is currently not tradable. This listing marks a significant step for Ripple as it prepares for a broader release of its USD-pegged stablecoin, which is still in beta testing. The RLUSD aims to operate on both the XRP Ledger and Ethereum, enhancing Ripple's offerings in the competitive stablecoin market, projected to reach $2.8 trillion by 2028.
As Ripple continues to fine-tune its minting and burning mechanisms, the success of RLUSD will heavily depend on user trust and regulatory compliance. While initially likely restricted to institutional investors, this stablecoin could reshape the landscape of digital assets and cross-border payments.
