Ripple Expects Its Stablecoin to Reach Robinhood App Users Later This Year
By Unchained
AI summary of the source article
Robinhood plans to integrate Ripple’s RLUSD stablecoin for institutional settlement on the XRP Ledger and adopt Ripple Treasury for global operations. Ripple also expects RLUSD to reach the main Robinhood app later this year.
Why it matters
Ripple’s president Monica Long stated the partnership “reflects growing institutional demand for integrated solutions that support both customer-facing offerings and core financial operations.”
Key facts
- Robinhood will adopt Ripple Treasury for worldwide operations and bring RLUSD into institutional settlement on the XRP Ledger.
- RLUSD is already live on Robinhood Chain and Bitstamp, with availability on the main Robinhood app expected later this year.
- Ripple Prime now provides Bitstamp with lending and margin financing across about 20 digital assets.
Source excerpt · Unchained
Robinhood is also moving its treasury operations onto Ripple software and bringing the stablecoin into institutional settlement on the XRP Ledger, Ripple said. The post Ripple Expects Its Stablecoin to Reach Robinhood App Users Later This Year appeared first on Unchained .