Ripple and Robinhood Forge Stablecoin Strategic Partnership

Oct. 27: According to an official press release, Ripple and Robinhood have announced a strategic partnership under which Robinhood's retail and institutional trading platforms will integrate Ripple's stablecoin, institutional markets and treasury management infrastructure. Under the partnership, RLUSD will become one of the core stablecoins in Robinhood's digital asset ecosystem; it is already live on Robinhood Chain and Bitstamp by Robinhood and will launch on the Robinhood App later this year. Robinhood will also use RLUSD for institutional settlement on the XRPL.

In addition, Robinhood will adopt Ripple Treasury to manage its global treasury operations. Ripple Prime will provide Bitstamp by Robinhood with lending and margin financing services for about 20 digital assets, and Bitstamp plans to launch perpetual contract trading later this year. The press release shows that RLUSD's market capitalization has exceeded US$2.5 billion since its launch in December 2024.