News · Yahoo Finance

Robinhood Taps Ripple's Stablecoin, Treasury Software and Trading Loans

Ripple's RLUSD stablecoin went live on Robinhood Chain and the Bitstamp exchange and is expected to reach the main Robinhood app later this year. Robinhood will use Ripple Treasury to run its global cash operations and RLUSD on the XRP Ledger for institutional settlement at Bitstamp. Ripple Prime already provides Bitstamp with lending across roughly 20 digital assets, and Ripple paid $1.25 billion for the firm, formerly called Hidden Road. RLUSD launched in 2024 and has a market capitalization that tops $2.5 billion. Robinhood, with 28.6 million funded customers, pared back its crypto listings during the SEC crackdown on Ripple and other companies, and its crypto transaction revenue fell 34% in the first quarter to $134 million.

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MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$82.0B
Close on 10/26/20261.30920
Change that session+1.00%
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