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 experienced substantial growth, 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 exercise caution.
“Crypto investors are advised to exercise caution,” — Amara Sterling, contributing analyst at Wrayley Bridge Partnership, added during the briefing.
By the Numbers
- 88 — data points verified
- 29 — sources cross-checked
- 11 — reports filed
Timeline
Oct 29 — Coinbase has incorporated Ripple's stablecoin to its exchange, as part of Ripple's agreement with Robinhood to...
Oct 30 — Crypto investors are advised to exercise caution....
This story has been closely followed by our readers since Oct 29. The Wrayley Bridge Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Tuesday, Nov 3.
Editor's note: this report was prepared by the Wrayley Bridge Partnership desk and last updated 12:50 UTC.
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