Robinhood Taps Ripple's Stablecoin, Treasury Software and Trading Loans
Summary
Robinhood is integrating Ripple’s RLUSD stablecoin into its institutional operations. RLUSD launched on Robinhood’s blockchain and Bitstamp, with availability in the main app expected later this year. Robinhood plans to use the token on the XRP Ledger for institutional trade settlement and will run its global treasury operations on Ripple Treasury software. Ripple Prime already provides Bitstamp with lending and margin services, and plans to add perpetual futures support. RLUSD’s market capitalization exceeds $2.5 billion, according to Ripple. The partnerships expand Ripple’s role across Robinhood’s exchange, treasury and institutional financing operations.
