Ripple and Robinhood are joining forces to do more than just list RLUSD.
According to the announced plans, RLUSD is now available on Robinhood Chain and Bitstamp by Robinhood, and is expected to launch on the Robinhood App later this year. Robinhood will use RLUSD for institutional settlement on XRPL and integrate Ripple Treasury to manage cash and liquidity. Ripple Prime will provide Bitstamp with lending and margin financing across around 20 digital assets, and will also support Bitstamp perpetual contracts later this year. Since its launch in December 2024, RLUSD’s market capitalization has surpassed $2.5 billion.
Takeaway 1: Settlement, cash management, and collateral financing are being bundled under Ripple, so RLUSD demand may track actual settlement flows. Takeaway 2: The timing of the App and perpetual contract launches will determine how long the catalysts last.
Which are you watching more closely: RLUSD’s market cap continuing to climb, or settlement volume on XRPL picking up first?
Source: PANews
Image 1: Ripple and Robinhood enter into a strategic partnership, bringing RLUSD to retail and institutional businesses · Screenshot of source page
Image source: https://www.panewslab.com/zh/articles/01a17da1-9ff7-77bb-a921-3fa8a900e566
According to the announced plans, RLUSD is now available on Robinhood Chain and Bitstamp by Robinhood, and is expected to launch on the Robinhood App later this year. Robinhood will use RLUSD for institutional settlement on XRPL and integrate Ripple Treasury to manage cash and liquidity. Ripple Prime will provide Bitstamp with lending and margin financing across around 20 digital assets, and will also support Bitstamp perpetual contracts later this year. Since its launch in December 2024, RLUSD’s market capitalization has surpassed $2.5 billion.
Takeaway 1: Settlement, cash management, and collateral financing are being bundled under Ripple, so RLUSD demand may track actual settlement flows. Takeaway 2: The timing of the App and perpetual contract launches will determine how long the catalysts last.
Which are you watching more closely: RLUSD’s market cap continuing to climb, or settlement volume on XRPL picking up first?
Source: PANews
Image 1: Ripple and Robinhood enter into a strategic partnership, bringing RLUSD to retail and institutional businesses · Screenshot of source page
Image source: https://www.panewslab.com/zh/articles/01a17da1-9ff7-77bb-a921-3fa8a900e566
