RLUSD reaches Coinbase. How does its dollar backing work?

Your call?🐂 Bullish🐻 Bearish

$XRP

$1.29

-1.9%

Ripple’s Coinbase launch gives RLUSD users access through 3 blockchains, while the stablecoin’s backing and redemption still depend on the institutions behind it. Coinbase gives customers another way to buy, hold and transfer RLUSD, but…