Ripple’s RLUSD stablecoin gains Coinbase access as Moody’s awards investment-grade rating

Ripple’s RLUSD, a dollar-backed stablecoin, launched on Coinbase and on Coinbase’s Base blockchain after Moody’s assigned the token an investment-grade credit rating. The agreement, announced on Wednesday, makes RLUSD available on Coinbase’s retail trading platform and its institutional trading platform. The arrangement expands the distribution of the cryptocurrency through Coinbase, which is the largest US crypto exchange, and its Base blockchain. The development comes as Ripple expands the stablecoin’s presence.