Robinhood taps Ripple’s $2.5 billion RLUSD stablecoin despite backing rival USDG
Robinhood helped launch a rival dollar-backed token, USDG, but will also offer Ripple’s stablecoin to retail customers later this year.
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Summary
- Ripple’s RLUSD stablecoin is expected to become available in Robinhood’s app by the end of 2026, potentially reaching the brokerage’s 28.6 million funded customers.
- Robinhood plans to offer RLUSD despite its role in the Global Dollar Network, which promotes Paxos’s competing USDG stablecoin, though it remains unclear how the two tokens will coexist in its products.
- The partnership also includes using RLUSD for Bitstamp settlements and adopting Ripple’s software for Robinhood’s treasury operations, while the companies plan to add perpetual futures trading later this year.
