On October 27, 2026, Ripple announced a comprehensive partnership with Robinhood to integrate its RLUSD stablecoin across retail and institutional services. RLUSD will launch on the Robinhood app by the end of 2026, reaching Robinhood's 28.6 million funded accounts. Robinhood will also deploy Ripple Treasury to automate cash management and risk operations, while using RLUSD and Ripple Prime for Bitstamp settlements and financing. The deal highlights rising competition with Paxos's USDG stablecoin.
Ripple and Robinhood partnership announcement
- ▪Ripple announced a partnership with Robinhood to integrate Ripple's RLUSD stablecoin across Robinhood's trading, treasury, settlement, and financing operations
- ▪Ripple's RLUSD stablecoin is scheduled to become available on the Robinhood retail trading application before the end of 2026
- ▪The integration of the RLUSD stablecoin into the Robinhood platform gives the token potential access to Robinhood's 28.6 million funded customer accounts
Ripple and Robinhood institutional operations
- ▪Robinhood Crypto General Manager Johann Kerbrat said Robinhood will utilize Ripple Treasury software to automate internal payment transfers between different divisions of its business
- ▪Robinhood plans to adopt Ripple Treasury software to manage cash operations, cash flow forecasting, payments, and financial risks
- ▪RLUSD is currently available to traders on Robinhood Chain and Bitstamp, the cryptocurrency exchange Robinhood acquired for $200 million in June
- ▪Ripple Prime provides Robinhood's Bitstamp exchange with lending and margin financing across approximately 20 digital assets
RLUSD stablecoin background
- ▪The total global stablecoin supply exceeded $300 billion in October 2026, while Ripple's RLUSD market capitalization grew to over $2.5 billion
- ▪Ripple officially launched its RLUSD stablecoin in December 2024
Robinhood and Global Dollar Network
- ▪In July 2026, the Global Dollar Network consortium, founded in 2024, designated Paxos's USDG stablecoin as the default lending asset for Robinhood Earn
- ▪Robinhood did not announce any changes to its Paxos USDG agreement with the Global Dollar Network when announcing plans to offer Ripple's competing RLUSD stablecoin
- ▪Robinhood helped establish the Global Dollar Network in 2024 to promote Paxos's competing USDG stablecoin alongside founding members Kraken, Galaxy Digital, Anchorage Digital, and Bullish
Ripple's partnership with BNY
- ▪Ripple and BNY first established a digital asset partnership in July 2025
- ▪Ripple announced an expanded partnership with BNY to broaden institutional digital asset custody infrastructure and explore tokenized trade
Circle Payments Network infrastructure
- ▪Circle Internet Group launched the Circle Payments Network in 2026 using the USDC stablecoin to compete with Ripple's cross-border payments business
- ▪The Circle Payments Network connects financial institutions and payment providers to facilitate cross-border payments using USDC and other digital assets
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