Ripple announced a strategic partnership with Robinhood covering stablecoins, treasury management, institutional settlement, financing, and market access. RLUSD, already available on Robinhood Chain and Bitstamp by Robinhood, is expected to reach Robinhood’s main app later this year and will be used on the XRP Ledger for institutional operations. Robinhood will also integrate Ripple Treasury to automate liquidity management, cash-flow forecasting, payments, risk management, and intercompany netting. Ripple reports that Robinhood has more than 28 million users and that RLUSD has a market capitalization exceeding $2.6 billion, while Ripple Prime is expected to add perpetual trading support on Bitstamp.
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