Ripple’s Swell Blitz Continues: Coinbase Deal and $900M Revenue Run Rate Revealed
Ripple announced a major integration of its RLUSD stablecoin on Coinbase and revealed a product revenue run rate of nearly $900 million at its Swell 2026 conference.
Ripple continued its Swell 2026 conference with a major partnership involving Coinbase and fresh financial figures.
The company’s RLUSD stablecoin is now available on Coinbase Prime and the retail app, allowing clients to convert US dollars and other dollar-denominated stablecoins on a 1:1 basis.
Support for Coinbase Global Exchange customers is expected to follow, including the ability to use RLUSD as collateral.
The integration spans the XRP Ledger, Base, and Ethereum, giving users multiple options for depositing and withdrawing the asset.
RLUSD market cap and liquidity
Ripple will provide liquidity on Base to support RLUSD’s expansion there. The stablecoin’s market cap has surpassed $2.6 billion after launching in late 2024.
It is increasingly used for payments, institutional markets, trading, and on-chain finance.
"Our partnership with Coinbase meets that demand head-on. It brings RLUSD to the largest institutional client base in the U.S. crypto market, across execution, settlement, and custody – all in one place."
Ripple’s financial growth
Ripple is on track to exit 2026 with an annualized product revenue run rate of almost $900 million.
The company reported that more than 1,700 institutions, corporations, and enterprises now use its infrastructure, with the number of customers having tripled this year.
Its products enabled more than $16 trillion in transactions during 2025, while Ripple Payments is approaching $150 billion in lifetime volume across more than 60 payout markets.
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