Ripple and Robinhood announced a strategic partnership today, and it carries more weight than a news brief.
There are three layers to it: First, $RLUSD is already on Robinhood Chain and Bitstamp, and is expected to launch on Robinhood’s main app later this year. Second, Robinhood will use RLUSD on the XRP Ledger for institutional settlements. Third, Robinhood is handing its corporate treasury management directly to Ripple Treasury, outsourcing cash flow forecasting, payments, risk management, and more.
The third layer is the most significant. When a brokerage is willing to entrust its own financial systems to a crypto company, it’s no longer about buying tokens—it’s about buying infrastructure.
$RLUSD currently has a market cap of $2.5 billion, still far behind USDT and USDC, but Robinhood has 28.6 million funded customers.
Note that this is the XRP ecosystem filling a gap in the stablecoin market, and it puts it in direct competition with Circle’s payments network.
There are three layers to it: First, $RLUSD is already on Robinhood Chain and Bitstamp, and is expected to launch on Robinhood’s main app later this year. Second, Robinhood will use RLUSD on the XRP Ledger for institutional settlements. Third, Robinhood is handing its corporate treasury management directly to Ripple Treasury, outsourcing cash flow forecasting, payments, risk management, and more.
The third layer is the most significant. When a brokerage is willing to entrust its own financial systems to a crypto company, it’s no longer about buying tokens—it’s about buying infrastructure.
$RLUSD currently has a market cap of $2.5 billion, still far behind USDT and USDC, but Robinhood has 28.6 million funded customers.
Note that this is the XRP ecosystem filling a gap in the stablecoin market, and it puts it in direct competition with Circle’s payments network.
