Ripple’s Swell Blitz Continues: Coinbase Deal and $900M Revenue Run Rate Revealed

On the first day of a major U.S. conference, Ripple and Coinbase announced that Ripple’s RLUSD stablecoin is now available on Coinbase Prime, its trading platform, and its retail app, letting retail and institutional clients convert U.S. dollars and other supported dollar-denominated stablecoins into RLUSD at a one-to-one rate. The integration covers the XRP Ledger, Base, and Ethereum, while Coinbase Global Exchange support, including use as collateral, is expected later. RLUSD launched in late 2024 and its market cap has surpassed $2.6 billion. Ripple also said it is on track to end 2026 with an annualized product revenue run rate near $900 million, with more than 1,700 institutions using its infrastructure and over $16 trillion in transactions handled during 2025.