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AI summary of a third-party reportBullishNewsDesk

Ripple says RLUSD stablecoin will reach Robinhood app by end of 2026

Ripple's RLUSD stablecoin is expected to arrive in Robinhood's app before the end of 2026, even though the brokerage helped launch rival USDG through the Global Dollar Network.

Why it matters: Robinhood's decision shows that revenue-sharing arrangements such as the Global Dollar Network do not stop members from carrying rival stablecoins, widening distribution for RLUSD.

InvestIn.News NewsDesk · 1 min read
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Picture from CoinDesk for: Ripple says RLUSD stablecoin will reach Robinhood app by end of 2026
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Original reporting: Olivier Acuna, CoinDesk

Key points

  • Bitstamp, bought by Robinhood for $200m in June, will settle trades in RLUSD on the XRP Ledger, and Robinhood will use Ripple's treasury software.
  • Robinhood co-founded the Global Dollar Network in 2024 to promote Paxos's USDG, which became the default lending asset for Robinhood Earn in July.

RLUSD already runs on Robinhood Chain and on Bitstamp, the exchange Robinhood bought for $200m in June.

Monica Long, Ripple's president, said the tie-up reflected growing institutional demand for integrated services covering customer products and core financial operations. The deal also covers Robinhood's institutional side: Bitstamp will use RLUSD for settlement on the XRP Ledger, and Robinhood will adopt Ripple's software for cash management, payments and forecasting.

The arrangement leaves Robinhood in an unusual spot.

Robinhood has not said whether RLUSD will sit alongside USDG in the same products or how the two will be promoted, and it announced no change to its USDG agreement.

Read the full story on CoinDesk

Live updates on NewsFeeds:StablecoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of CoinDesk’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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