RLUSD reaches Coinbase. How does its dollar backing work?

Coinbase gives customers another way to buy, hold and transfer RLUSD, but the route back to dollars still involves more than a blockchain transaction. The issuer manages the token’s backing and redemption, while the exchange and supported networks determine how customers can move and trade it. JUST IN: Ripple's stablecoin, $RLUSD, has been listed on Coinbase Users can trade and manage RLUSD through Coinbase Prime, Coinbase Exchange and the Coinbase Retail app, with 1:1 conversion from U.S. dollars and other supported USD-denominated stablecoins. pic.twitter.com/0cpA1Z0T5p RLUSD is now available through Coinbase, giving Ripple's dollar stablecoin another major route to retail and institutional customers. Users can access it through the retail app, Coinbase Exchange and Coinbase Prime.