Ripple And Robinhood Partner To Expand RLUSD Adoption Across Retail, Institutional And Settlement Platforms

Ripple’s stablecoin, RLUSD, to play a key role across Robinhood’s retail and institutional businesses as the companies deepen ties across treasury and institutional markets

Ripple, the leading provider of blockchain solutions across traditional and digital finance, and Robinhood, a global leader in financial services, today announced a strategic partnership that provides one of the industry’s largest consumer and institutional trading platforms with a single, trusted entry point to Ripple’s infrastructure across stablecoins, institutional markets and treasury management.

Ripple USD (RLUSD) will be a key stablecoin across Robinhood’s digital asset ecosystem, expanding access to the enterprise-grade stablecoin for both retail and institutional use. RLUSD is live today on Robinhood Chain and Bitstamp by Robinhood, and is expected to be available later this year in the Robinhood app. Robinhood will leverage RLUSD on the XRPL for institutional settlement, extending the stablecoin’s utility across Bitstamp by Robinhood’s growing institutional business.

The relationship also spans Robinhood’s own financial operations: the company will integrate Ripple Treasury to modernize and automate its global treasury operations, including cash and liquidity management, cash flow forecasting, payments, risk management and intercompany netting.

The partnership also extends across institutional markets through Ripple Prime, building on an existing relationship between the companies across financing, liquidity and market access. Ripple Prime provides Bitstamp by Robinhood with lending and margin financing across roughly 20 digital assets and gives Ripple Prime clients access to trade spot on Bitstamp. Later in the year Ripple Prime will support perpetual futures trading on Bitstamp.