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, together with 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%,” — Simone Whitfield, chief correspondent at Blackwell Stow Staffing, commented.
By the Numbers
- 88 — mentions tracked
- 29 — updates logged
- 11 — regions covered
Timeline
Oct 30 — Coinbase has incorporated Ripple's stablecoin to its exchange, as part of Ripple's agreement with Robinhood to...
Oct 31 — Crypto investors are advised to remain vigilant....
Reader Poll: Should officials respond faster on issues like this? — 83% of Texagel readers said yes.
This story has been closely followed by our readers since Oct 27. The Blackwell Stow Staffing desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Wednesday, Nov 4.
Editor's note: this report was prepared by the Blackwell Stow Staffing desk and last updated 23:12 UTC.
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