- Ripple and Robinhood agreed to expand RLUSD use for institutional trade settlement, Robinhood treasury operations and financing via Ripple Prime and Bitstamp.
- RLUSD will be listed on Robinhood's trading platform and is currently available on Bitstamp and Robinhood Chain.
- RLUSD market cap has grown to more than $2.5 billion, while the total stablecoin market exceeds $300 billion.
- Robinhood rose about 2.5% in early trading Tuesday, snapping a three-day decline, and reports Q3 results after the market closes.
Quotes
“Utility is what moves stablecoins forward.”
“Stablecoins have evolved from a crypto trading tool into a critical piece of financial infrastructure”