Scan with your phone to get the appRipple and Robinhood expand partnership to bring RLUSD to retail and institutional markets.
Ripple and Robinhood have expanded their partnership to bring the RLUSD stablecoin to Robinhood’s retail and institutional platforms, with a launch on the Robinhood app slated for later this year.
Robinhood will adopt Ripple Treasury for global cash and liquidity management and will use RLUSD on the XRP Ledger for institutional settlement, while also extending its Ripple Prime relationship to offer perpetual futures on Bitstamp by Robinhood.
RLUSD, launched in December 2024, has a market cap of $2.57 billion and nearly $1 billion issued on the XRP Ledger; Robinhood’s 28.6 million funded customers provide a significant distribution channel.
Summary rewritten by AI from the original article by Cointelegraph.
XRP price around the news
Dashed line: news time ($1.32) Now: $1.33 +0.46%
Related coins
XRP
$1.33
+1.86% 24h
+0.46% since the news
Set a price alert
Also reported by
- Ripple Swell draws attention from US Treasury Secretary Bessent as its Robinhood partnership for RLUSD unfolds. crypto.news · 11h ago
- Robinhood integrates Ripple's RLUSD stablecoin on Robinhood Chain and Bitstamp, expanding treasury and institutional trading ties. Decrypt · 12h ago
- Robinhood adopts Ripple’s RLUSD stablecoin despite backing USDG CoinDesk · 14h ago
- Ripple and BNY expand digital asset custody and blockchain partnership Investing.com · 16h ago
- Ripple and Robinhood partner to integrate RLUSD stablecoin into Robinhood's crypto ecosystem CryptoPotato · 18h ago
Read the original on Cointelegraph ↗
Get notified of important news
News with a price impact of 75/100 or more, and news from 60/100 about coins in this device's watchlist (☆). At most 6 per day; tapping opens the summary on our site.
Summary and rating written automatically by the AI of CoinXview from the original article; it may be incomplete or wrong — read the original for details. Not investment advice.