Ripple and Robinhood Expand RLUSD Stablecoin Partnership Into Retail and Institutional Services
Key Takeaways
- •Ripple and Robinhood are broadening their partnership to deploy the RLUSD stablecoin across payments, treasury management, and trading for both retail and institutional users.
- •Robinhood plans to use RLUSD for institutional settlement on the XRP Ledger and to adopt Ripple Treasury to manage its cash, liquidity, and payments.
- •RLUSD is already available on Robinhood Chain and Bitstamp, while a Robinhood app integration and perpetual futures trading on Bitstamp are planned for later in 2026.
- •The expanded arrangement unifies Ripple's 2025 acquisitions of Bitstamp and Hidden Road, now operating as Ripple Prime, around a single stablecoin spanning retail trading, institutional settlement, corporate treasury, and prime brokerage.
- •RLUSD, launched in December 2024 with New York Department of Financial Services approval and backed by dollar deposits and cash equivalents, had a market capitalization of approximately $2.57 billion.
Ripple and Robinhood Markets are expanding their partnership to integrate Ripple's dollar-backed RLUSD stablecoin across retail and institutional services, including payments, treasury management, and trading, according to a report published by cryptocurrency news outlet BitcoinKE on October 28, 2026.
RLUSD is already available on Robinhood Chain and Bitstamp, with an integration into the Robinhood app planned for later in 2026.
Under the expanded arrangement, Robinhood also plans to use the stablecoin for institutional settlement on the XRP Ledger and to adopt Ripple Treasury, Ripple's corporate treasury platform, to manage its cash, liquidity, and payments.
The partnership additionally covers institutional financing through Ripple Prime, with perpetual futures trading on Bitstamp also planned for later in 2026.
Taken together, the arrangement ties Ripple's 2025 acquisitions — the Bitstamp exchange and Hidden Road, now operating as Ripple Prime — around a single stablecoin, spanning retail trading, institutional settlement, corporate treasury management, and prime brokerage services.
RLUSD had a market capitalization of approximately $2.57 billion at the time of writing.
Background
RLUSD is a US dollar-denominated stablecoin launched by Ripple in December 2024, following approval from the New York Department of Financial Services (NYDFS). The token is designed to maintain a one-to-one peg to the US dollar and is backed by US dollar deposits, US government money market funds, and cash equivalents.
The XRP Ledger is the open-source blockchain associated with Ripple, whose XRP token serves as the network's native asset. Robinhood Chain is the brokerage's proprietary blockchain initiative focused on tokenized real-world assets. Bitstamp, one of the longest-running cryptocurrency exchanges, was acquired by Ripple in a transaction completed in 2025. Ripple Prime is the prime brokerage formerly known as Hidden Road, which Ripple acquired in 2025 in a $1.25 billion deal.
The expansion comes as stablecoin issuers seek to extend their products beyond crypto trading into payments and institutional financial infrastructure.
Source: BitcoinKE — STABLECOIN | Ripple, Robinhood Expand RLUSD Partnership into Retail, Institutional Markets
