Ripple and Robinhood Markets Inc. have announced a new partnership that brings Ripple’s stablecoin, RLUSD, to Robinhood’s retail and institutional platforms. The stablecoin is now available on Robinhood Chain and Bitstamp by Robinhood, with plans to expand to the Robinhood app later this year. RLUSD will also be used for institutional settlement on the XRP Ledger through Bitstamp by Robinhood’s institutional business.
In addition to stablecoin integration, Robinhood will leverage Ripple Treasury for its global treasury operations. This includes cash and liquidity management, cash flow forecasting, payments, risk management, and intercompany netting. The partnership also introduces Ripple Prime, which offers lending and margin financing across approximately 20 digital assets. Bitstamp by Robinhood’s institutional clients will gain access to spot trading, with perpetual futures trading support expected later this year.
Monica Long, President of Ripple, highlighted the partnership’s significance, stating that it reflects growing institutional demand for integrated solutions supporting both customer-facing offerings and core financial operations. Johann Kerbrat, SVP and GM of Robinhood Crypto and International, emphasized the benefits of working with Ripple, Bitstamp, and Robinhood to access RLUSD, Ripple Treasury, and Ripple Prime for financing.
The press release noted that the total stablecoin supply exceeds $300 billion, with RLUSD reaching over $2.5 billion in market capitalization since its launch in December 2024. Robinhood serves 28.6 million funded customers globally, including institutional clients through Bitstamp.