Robinhood plans to make Ripple's dollar-backed stablecoin RLUSD available in its app later this year as part of a wider partnership covering stablecoins, trading and treasury operations, the two companies announced on Oct. 27.
The agreement links Robinhood Markets Inc. (Nasdaq: HOOD), which reported 28.6 million funded customers at the end of August, with blockchain infrastructure provider Ripple. RLUSD is already live on Robinhood Chain and on Bitstamp by Robinhood, the exchange Robinhood acquired in June 2025.
Retail access planned for later this year
Under the plan, retail customers would gain access to Ripple USD through the Robinhood app later in the year. Monica Long, president of Ripple, said the scope of the work is what distinguishes the arrangement.
“What makes our partnership with Robinhood so exciting is the breadth of what we’re building together,” Long said.
Institutional settlement on the XRP Ledger
The partnership also covers settlement, with Robinhood set to use RLUSD on the XRP Ledger through Bitstamp's institutional business. The arrangement builds on RLUSD's existing Bitstamp listing, which began in January 2025.
Treasury integration across global operations
Beyond customer-facing services, Robinhood will integrate Ripple Treasury to automate its global financial operations. Planned functions include:
- Cash and liquidity management
- Cash flow forecasting
- Payments
- Risk management
- Intercompany netting
Netting offsets amounts owed between related businesses so they can settle fewer payments. The integration follows an Oct. 26 expansion of Ripple's corporate cash management capabilities, which added AI tools for forecasting, reconciliation, liquidity management and payments. That announcement also introduced returns on qualifying digital assets held in Ripple wallets, subject to program requirements.
Johann Kerbrat, senior vice president and general manager of Robinhood Crypto and International, framed the arrangement around practical use.
“Utility is what moves stablecoins forward,” Kerbrat said.
Ripple Prime deepens Bitstamp trading ties
Ripple Prime and Bitstamp by Robinhood already have a relationship that provides lending and margin financing across roughly 20 digital assets. Ripple Prime clients can trade spot assets on Bitstamp, with support for perpetual futures trading planned later this year.
On Oct. 15, Ripple Prime introduced real-world asset perpetual swaps covering more than 100 reference markets, including equities, commodities and currencies. Eligible clients can use RLUSD as collateral, subject to jurisdictional availability.
Trust bank approval
Separately, Ripple disclosed final approval for its national trust bank from the U.S. Office of the Comptroller of the Currency on Oct. 26. Approved activities include managing RLUSD reserves, providing fiduciary digital asset custody and serving as collateral trustee, administering reserves for holders' benefit. Standard Custody & Trust Company, Ripple's limited purpose trust company regulated by the New York Department of Financial Services, will continue issuing RLUSD.
