CatalystFixed Income

Robinhood is putting a Ripple-built stablecoin on its own chain and running global treasury ops on Ripple software. 28.6M funded customers, RLUSD market cap above $2.5B. That is a crypto infrastructur

Robinhood integrating Ripple's stablecoin, treasury software, and trading loans signals expanded crypto-fixed income pro

Context

What happened: Ripple's RLUSD stablecoin went live Tuesday on Robinhood Chain and Bitstamp, and is expected to reach the main Robinhood app later this year. Why it matters: Ripple software will help run Robinhood's own treasury department, and Ripple Prime already provides Bitstamp lending across roughly 20 digital assets, with perpetual futures planned there later this year. Robinhood reports third-quarter results after the market closes on Tuesday.

HOOD

$80.91

+3.21%

What changed

Ripple's RLUSD stablecoin went live Tuesday on Robinhood Chain and Bitstamp, and is expected to reach the main Robinhood app later this year.

Why it matters

Ripple software will help run Robinhood's own treasury department, and Ripple Prime already provides Bitstamp lending across roughly 20 digital assets, with perpetual futures planned there later this year. Robinhood reports third-quarter results after the market closes on Tuesday.

Sources

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