Robinhood taps Ripple’s $2.5 billion RLUSD stablecoin despite backing rival USDG
Source: CoinDesk ·
From the source
Robinhood helped launch a rival dollar-backed token, USDG, but will also offer Ripple's stablecoin to retail customers later this year. Ripple’s RLUSD stablecoin is set to reach Robinhood’s retail customers later this year, giving the dollar-backed token access to a brokerage platform with roughly 28.6 million funded accounts. “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 customer-facing offerings and core financial operations,” said Monica Long, president of Ripple. The companies announced the partnership on Tuesday. RLUSD is already available on Robinhood Chain and Bitstamp, the crypto exchange Robinhood acquired for $200 million in June. Now, RLUSD is also expected to become available through the Robinhood app before the end of 2026. That decision puts Robinhood in an unusual position, as it helped establish the Global…