Ripple announced Oct. 27 an expanded partnership with Robinhood (press release), framed by Ripple as going "under the hood" across $RLUSD, Ripple Prime and Ripple Treasury.

RLUSD becomes a key stablecoin across Robinhood retail and institutional: live on Robinhood Chain and Bitstamp by Robinhood, with the Robinhood app expected later this year, and RLUSD on XRPL for institutional settlement on Bitstamp. Ripple Treasury will support Robinhood operations, and Ripple Prime will supply financing.

Context from the release: RLUSD cited at over $2.4B market cap since Dec. 2024 launch, total stablecoin supply over $300B, Robinhood with 28.6M funded customers including Bitstamp institutional. Quote from Johann Kerbrat, SVP and GM Robinhood Crypto and International.

Note: @Hood_officialX is an unrelated meme token account (The Hood), not Robinhood. The partnership counterparty is @RobinhoodApp / Nasdaq: HOOD. No exclusivity or volumes were stated in the retrieved text.

Day before, Oct. 26, Ripple received final OCC approval for Ripple National Trust Bank to support RLUSD and custody, per Brad Garlinghouse.