RLUSD to Launch on Robinhood App by Year-End

Shenchao TechFlow reported that, according to CoinDesk on October 28, Ripple and Robinhood announced a partnership, with Ripple's stablecoin RLUSD expected to launch on the Robinhood App by the end of 2026. The platform had approximately 28.6 million funded users as of the end of August. RLUSD has previously been listed on Robinhood Chain and Bitstamp. The partnership also includes Bitstamp using RLUSD for settlement on the XRP Ledger, Robinhood adopting Ripple's treasury management software, and both parties planning to add perpetual contract trading within the year. Notably, Robinhood is a founding member of the Global Dollar Network, which promotes the Paxos stablecoin USDG. The market capitalization of RLUSD currently exceeds USD 2.5 billion.

Source: Shenchao TechFlow