COINDESK · 2026-10-27 17:47 UTC

Robinhood taps Ripple's $2.5 billion RLUSD stablecoin despite backing rival USDG

Robinhood will offer Ripple's RLUSD stablecoin to its 28.6 million retail customers by end of 2026, with RLUSD already available on Robinhood Chain and Bitstamp. The partnership is unusual as Robinhood co-founded the Global Dollar Network in 2024 to promote competing stablecoin USDG, though the article notes members can offer competing tokens. RLUSD has grown to $2.5 billion market cap since launch in December 2024; Ripple also received OCC approval for its national trust bank and expanded partnership with BNY Mellon.

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