Ripple and Robinhood have expanded their partnership to bring the RLUSD stablecoin to Robinhood's retail and institutional businesses, with integrations in treasury management, lending and trading. RLUSD is already available on Robinhood Chain and Bitstamp by Robinhood, with a launch in the Robinhood app planned for later this year, and Robinhood will also adopt Ripple Treasury for its global cash operations. Ripple also expanded its partnership with BNY to support custody of XRP and RLUSD, and partnered with C2FO to bring its Instant Pay service onto the XRP Ledger using RLUSD, with first transactions expected by year-end. According to DeFiLlama, RLUSD, launched in 2024, has a market capitalization of $2.57 billion, with nearly $1 billion issued on the XRP Ledger. The announcements followed Ripple's final approval from the US Office of the Comptroller of the Currency to establish a national trust bank, which will manage reserves backing RLUSD.
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stablecoinscryptoXRPRippleRobinhood
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Related tickers and likely impact
XRP/USDT
▲ Likely positiveXRP
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $82.0B |
| Close on 10/26/2026 | 1.30920 |
| Change that session | +1.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Ripple strikes deal with Robinhood to expand its RLUSD digital dollar
Ripple has struck a deal with Robinhood to expand use of its RLUSD stablecoin for institutional trade settlement and Robinhood's treasury operations, and to broaden access to digital asset trading and financing through Ripple Prime and Bitstamp, which Robinhood acquired last year. The partnership supports Robinhood's goal of becoming a global financial super-app. Ripple's president says stablecoins have become critical financial infrastructure, while Circle is pursuing a similar model that pairs stablecoins with cross-border payment infrastructure. RLUSD's market cap has grown past $2.5 billion, while the total stablecoin market exceeds $300 billion and is dominated by Tether's USDT and Circle's USDC. Robinhood shares rose about 2.5% in early trading Tuesday.
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