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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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ExchangeBinance
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Close on 10/26/20261.30920
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