Ripple puts RLUSD on Robinhood Chain and Bitstamp and says the stablecoin reaches the Robinhood app by year-end as Robinhood adopts Ripple Treasury

Ripple's dollar stablecoin is heading to one of the largest retail trading apps in the United States. Ripple and Robinhood said Tuesday that RLUSD is now available on Robinhood Chain and on Bitstamp, the exchange Robinhood bought for about $200 million in June 2025, and that it is expected to reach the main Robinhood app later this year, CoinDesk and Decrypt reported. Robinhood reported 28.6 million funded customers at the end of August, CoinDesk noted, though the companies have not said how many will be eligible.

The deal goes beyond a listing. Decrypt reported that Robinhood will run its global treasury operations, including payments, cash-flow forecasting and intercompany netting, on Ripple Treasury, and that Bitstamp's institutional business will settle trades in RLUSD on the XRP Ledger. Ripple Prime, the prime broker Ripple bought as Hidden Road for $1.25 billion, already provides Bitstamp with lending and margin financing across about 20 digital assets and plans to add perpetual futures later this year.

Johann Kerbrat, senior vice president and general manager of Robinhood Crypto and International, said: "Utility is what moves stablecoins forward."

RLUSD launched in December 2024 and has a market capitalization above $2.5 billion, per Ripple. The open question, as CoinDesk put it, is USDG: Robinhood was a founding member of the Global Dollar Network promoting that Paxos-issued coin and in July the network said USDG would be the default lending asset for Robinhood Earn. Robinhood did not respond to CoinDesk's request for comment on how the two will coexist.