Ripple Ties RLUSD to Robinhood Settlement and Treasury — SkimNews
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- Ripple struck a deal with Robinhood to expand RLUSD’s reach, strengthening the trading and financing links between their institutional businesses and improving Robinhood’s internal money management.
- Robinhood will use RLUSD to settle institutional trades and automate treasury operations, while accessing Ripple Treasury for operations and Ripple Prime for financing.
- Bitstamp, acquired by Robinhood last year, joins Ripple Prime as channels for expanded access to digital-asset trading and financing.
- RLUSD will be listed on Robinhood’s trading platform and is already available on Bitstamp and Robinhood Chain, the blockchain for tokenized stocks and other assets.
- RLUSD has grown to a market cap above $2.5 billion, while the total stablecoin market exceeds $300 billion and remains dominated by USDT and USDC.
- Circle Payments Network, launched earlier this year, connects financial institutions and payment providers through USDC and other assets; Ripple Payments has operated for eight years and supported RLUSD since December 2024.
- Robinhood shares rose about 2.5% in early trading Tuesday, snapping a three-day decline ahead of third-quarter results scheduled after the market close.
Why it matters: Robinhood gains RLUSD for institutional settlement, treasury automation and Ripple Prime financing, while Ripple gives its $2.5 billion-market-cap token a direct operating role in a $300 billion stablecoin market led by USDT and USDC. Robinhood now has one platform for all three workflows.
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