Ripple and Robinhood Forge Strategic Partnership to Expand RLUSD Access

October 27 — Blockchain solutions provider Ripple and global financial services platform Robinhood today announced a strategic partnership to provide Robinhood, a major retail and institutional trading platform, with a unified and reliable gateway to Ripple's infrastructure in stablecoins, institutional markets, and treasury management.

Ripple USD stablecoin RLUSD will become an important component of Robinhood's digital asset ecosystem, expanding retail and institutional users' access to this enterprise-grade stablecoin. Currently, RLUSD is already live on Robinhood Chain and Robinhood's Bitstamp, and is expected to launch on the Robinhood app later this year. Robinhood will also use RLUSD on the XRP Ledger (XRPL) for institutional settlement operations, further expanding the stablecoin's application within Bitstamp's institutional business.

The partnership will also extend to Robinhood's own treasury operations. Robinhood will integrate Ripple Treasury to modernize and automate its global treasury management operations, covering areas including cash and liquidity management, cash flow forecasting, payments, risk management, and intercompany netting.