Ripple and Robinhood Deepen Ties as RLUSD Stablecoin Expands to Retail, Institutional Use

Ripple and Robinhood are broadening their collaboration around RLUSD, Ripple's U.S. dollar stablecoin, according to reports from BlockchainReporter, CoinTurk News, BitKE, and Fintech News Singapore. The expanded partnership touches both ends of the financial system, reaching everyday retail users and institutional settlement desks alike. Under the plan, RLUSD will be added to Bitstamp, the cryptocurrency exchange Ripple acquired. Reports also indicate the stablecoin is expected to be listed on the Robinhood app sometime this year, though an exact date has not been confirmed. That listing would give Robinhood's large retail user base direct access to RLUSD for trading and transfers.