Ripple Partners Robinhood to Expand $2.5 Billion RLUSD as Stablecoin Race Intensifies
Updated
Updated · CNBC · Oct 27
Ripple Partners Robinhood to Expand $2.5 Billion RLUSD as Stablecoin Race Intensifies
3 articles · Updated · CNBC · Oct 27
Summary
RLUSD will be used to settle Robinhood institutional trades, automate treasury operations and support financing access through Ripple Prime and Bitstamp under a new Ripple-Robinhood partnership.
Robinhood will also list RLUSD on its trading platform, extending the stablecoin beyond Bitstamp and Robinhood Chain as the broker pushes to build a global financial super-app.
Ripple cast the deal as proof stablecoins are shifting from trading tools to 24/7 financial infrastructure for payments, cash management and capital markets activity.
RLUSD’s market value has climbed above $2.5 billion, but it remains far behind Tether’s USDT and Circle’s USDC in a stablecoin market now worth more than $300 billion.
The tie-up lands as Circle builds a rival network around USDC, underscoring how issuers are competing to bundle coins with settlement, payments and treasury services.