Ripple just announced this killer partnership with Robinhood’s main guy Vlad Tenev, covering everything from stablecoins to treasury management and more. 🦇 RLUSD is about to be everywhere in their digital asset world and it’s pushing Ripple deeper into real finance flows rn.
RLUSD Slaying Robinhood’s Scene 💀
Ripple USD is turning into the go-to stablecoin for Robinhood’s full setup, the statement announced. RLUSD is already running on Robinhood Chain and Bitstamp by Robinhood plus it should hit the main app later this year. Vlad’s team will lean on it via the XRP Ledger for institutional settlement and expand that across Bitstamp’s business side. ✨ Robinhood is also folding Ripple Treasury into their ops to handle cash, liquidity, forecasts, payments and risk like a breeze.
Ripple’s Still Out Here Winning 🖤
Ripple Prime gets in on the action too, already lending and margining around 20 assets for Bitstamp while letting clients trade spots. Perpetual trading support on Bitstamp is dropping later this year. Their user base sits over 28 million and RLUSD has hit more than $2.6 billion market cap in under two years. 📈 “From bringing RLUSD to retail and institutional markets to helping Robinhood manage its own treasury operations, this partnership reflects growing institutional demand for integrated solutions that support both customer-facing offerings and core financial operations. And that’s exactly where Ripple delivers,” commented Ripple President, Monica Long.
The company keeps stacking wins like the fresh 24/7 cash tools and new bank integrations for RLUSD moves. 🌙 Cross River Bank is weaving it into their systems for client transfers and payments via one API. Plus that final OCC nod just landed for their national trust bank setup. 🔮
Just another echo from the void by iconofsin.eth 💖
