Robinhood Partners with Ripple and Introduces RLUSD to App
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JAKARTA – Robinhood Markets Inc (HOOD), a financial services company from the United States (US), is partnering with Ripple to offer the stablecoin Ripple USD (RLUSD) in its investment app by the end of 2026. According to CoinDesk, the partnership announced on Tuesday (Oct 27) includes retail services, institutional transaction settlement, and corporate liquidity management. According to Ripple's official announcement, RLUSD is currently available via Robinhood Chain and Bitstamp by Robinhood. Availability in Robinhood's main app is still planned for later this year. Robinhood also plans to use RLUSD on the XRP Ledger (XRPL) network for institutional transaction settlement via Bitstamp. The company has not yet announced a date for the full rollout to users of its main app. "This partnership reflects the rising institutional demand for integrated solutions," said Monica Long, President of Ripple, in a corporate statement on Tuesday (Oct 27), translated from English. In addition to the stablecoin, Robinhood will integrate Ripple Treasury for its operational financial needs. This service includes liquidity management, cash flow forecasting, payments, risk management, and intercompany transactions. Via Ripple Prime, Bitstamp will also receive loan facilities and margin financing for around 20 digital assets. Ripple Prime users can settle crypto asset trading directly via...
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