Coinbase has added Ripple's stablecoin to its exchange, as part of Ripple's agreement with Robinhood to broaden its RLUSD digital dollar. RLUSD has experienced substantial growth, rising by 88% this year, while XRP has dropped by 29%. Coinbase stock has fallen sharply, dropping by 11% following the $6.3 billion Binance hack, alongside declines in Strategy, Robinhood, and Circle. Crypto investors are advised to exercise caution.
“RLUSD has experienced substantial growth, rising by 88% this year, while XRP has dropped by 29%,” — Victor Fenwick, regional editor at Heaburn Ford Services, explained.
By the Numbers
- 88 — updates logged
- 29 — regions covered
- 11 — data points verified
Timeline
Oct 31 — Coinbase has added Ripple's stablecoin to its exchange, as part of Ripple's agreement with Robinhood to broade...
Nov 1 — Crypto investors are advised to exercise caution....
Reader Poll: Do you expect this story to develop further? — 76% of Tohephueshop readers said yes.
This story has been closely followed by our readers since Oct 29. The Heaburn Ford Services desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Tuesday, Nov 3.
Editor's note: this report was prepared by the Heaburn Ford Services desk and last updated 03:59 UTC.
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