Ripple Eyes Coinbase for RLUSD Listing Amid Growing Exchange Interest

Ripple’s newly launched U.S. dollar-pegged stablecoin, RLUSD, may soon appear on more major cryptocurrency exchanges, with Coinbase potentially in the mix. Jack McDonald, Ripple’s senior vice president of stablecoins, hinted at the possibility during a recent interview, as the company pushes to expand RLUSD’s market presence.

McDonald emphasized that listing a stablecoin like RLUSD involves navigating technical complexities beyond simple agreements. The stablecoin must function seamlessly across multiple blockchain networks, including Ethereum and the XRP Ledger, where RLUSD is already operational. Ensuring compatibility with these blockchains is crucial for any exchange considering the listing.

Bitstamp has already confirmed its support for RLUSD, marking a significant step in its adoption. While McDonald refrained from specifying which exchanges would list RLUSD in 2025, he expressed confidence that more platforms would join by the year’s end.

He also acknowledged the importance of strategic partnerships in the exchange listing process. McDonald highlighted how platforms like Coinbase and Binance often have exclusive arrangements with certain stablecoins, such as Coinbase’s affiliation with USDC and Binance’s partnership with FDUSD. Despite this, he suggested that Coinbase might eventually broaden its stablecoin offerings.

RLUSD’s approval by the New York State Department of Financial Services (NYDFS) is a critical advantage, facilitating adoption by regulated entities and potentially paving the way for wider market acceptance.

As regulatory pressures mount, McDonald predicts that large, institutionally backed stablecoin issuers will continue to dominate the landscape. He believes that liquidity will be a decisive factor in the success of stablecoins, with market leaders like USDT and USDC likely to strengthen their positions.

Ripple’s strategic maneuvers underscore its ambitions to establish RLUSD as a key player in the stablecoin market, leveraging both technical innovation and regulatory compliance to secure its foothold.