Ripple and Robinhood announced a strategic partnership on Tuesday, October 27, that brings the RLUSD stablecoin across Robinhood's retail and institutional businesses. The deal also covers Robinhood's own treasury operations and financing through Ripple Prime.
Where RLUSD is available
According to Ripple's announcement, RLUSD is live today on Robinhood Chain and on Bitstamp by Robinhood. Availability in the main Robinhood app is expected later this year.
RLUSD has grown past $2.4B in market capitalization since launching in December 2024, in a stablecoin market with total supply above $300B. Robinhood serves 28.6M funded customers globally, including institutional clients through Bitstamp.
Venue | RLUSD status |
|---|---|
Robinhood Chain | live |
Bitstamp by Robinhood | live |
Robinhood app | later in 2026 |
Perpetual futures on Bitstamp (via Ripple Prime) | later in 2026 |
What the deal covers
- Stablecoin: Robinhood will use RLUSD on the XRP Ledger for institutional settlement across Bitstamp's institutional business
- Treasury: Robinhood will integrate Ripple Treasury for cash and liquidity management, cash flow forecasting, payments, risk management and intercompany netting
- Prime brokerage: Ripple Prime provides Bitstamp with lending and margin financing across roughly 20 digital assets
- Access: Ripple Prime clients can trade spot on Bitstamp, with perpetual futures to follow later this year
Ripple Prime and Bitstamp already had a relationship across financing, liquidity and market access. The new agreement extends it to settlement and to Robinhood's own internal financial operations.
What the companies said
Monica Long, President of Ripple, said the partnership "reflects growing institutional demand for integrated solutions that support both customer-facing offerings and core financial operations."
Johann Kerbrat, SVP and GM of Robinhood Crypto and International, said: "Utility is what moves stablecoins forward. Working with Ripple, Bitstamp and Robinhood will have access to RLUSD for institutional settlement, Ripple Treasury for our operations, and Ripple Prime for financing."
Background
Robinhood closed its purchase of Bitstamp in June 2025 for about $200M, and most of the exchange's volume comes from institutions. Ripple paid $1.25B for Hidden Road, later renamed Ripple Prime, in a deal announced in April 2025.
Robinhood added XRP for U.S. customers in November 2024, after paring back crypto listings during the SEC's action against Ripple. The company reports third-quarter results after the market close on Tuesday, the first report covering a full quarter since Robinhood Chain launched on July 1, according to Decrypt.
In the first quarter, Robinhood's crypto transaction revenue fell 34% to $134M, and the company cut about 10% of its staff in June.