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Ripple and Robinhood Forge Strategic Partnership to Expand RLUSD Usage Channels

1 hours ago

Blockchain solutions provider Ripple and global financial services platform Robinhood today announced a strategic partnership, to provide Robinhood — a leading retail and institutional trading platform — with a unified, reliable gateway to Ripple’s infrastructure in stablecoins, institutional markets, and treasury management. Ripple’s U.S. dollar stablecoin RLUSD will become a core component of Robinhood’s digital asset ecosystem, expanding access to this enterprise-grade stablecoin for both retail and institutional users. Currently, RLUSD is already live on Robinhood Chain and Bitstamp, a Robinhood subsidiary, and is expected to roll out on the Robinhood app later this year. Robinhood will also leverage RLUSD built on the XRP Ledger (XRPL) for institutional settlement operations, further expanding the stablecoin’s use in Bitstamp’s institutional business. The partnership will also extend to Robinhood’s internal financial operations: Robinhood will integrate Ripple Treasury to modernize and automate its global treasury operations, covering areas including cash and liquidity management, cash flow forecasting, payments, risk management, and intra-group net settlement.

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