Coinbase has incorporated Ripple's stablecoin to its exchange, as part of Ripple's agreement with Robinhood to expand its RLUSD digital dollar. RLUSD has seen a significant increase, 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 remain vigilant.
“RLUSD has seen a significant increase, rising by 88% this year, while XRP has dropped by 29%,” — Yusuf Calloway, chief correspondent at Kesley Cliff Services, commented.
By the Numbers
- 88 — data points verified
- 29 — sources cross-checked
- 11 — reports filed
Timeline
Nov 1 — Coinbase has incorporated Ripple's stablecoin to its exchange, as part of Ripple's agreement with Robinhood to...
Nov 1 — Crypto investors are advised to remain vigilant....
Reader Poll: Should officials respond faster on issues like this? — 41% of Coffeemaker readers said yes.
This story has been closely followed by our readers since Oct 29. The Kesley Cliff Services desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Thursday, Nov 5.
Editor's note: this report was prepared by the Kesley Cliff Services desk and last updated 01:17 UTC.
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