Retail traders buy the dip on chip stocks — but Robinhood gets burned by the crypto market
Robinhood CFO says market volatility didn’t scare traders away from buying chip stocks “that they had really done research on.”
Ripple and Robinhood have strengthened their partnership, bringing the RLUSD stablecoin to both retail and institutional markets. The collaboration, announced during Ripple's Swell 2026 conference in New York, includes new integrations such as treasury management, lending, and trading services. RLUSD is currently available on Robinhood Chain and Bitstamp, with a rollout in the Robinhood app expected later this year.
Additionally, Robinhood plans to utilize RLUSD for institutional settlement on the XRP Ledger and adopt Ripple Treasury to manage its global cash and liquidity operations. The partnership extends to Robinhood's internal financial infrastructure through Ripple Prime, which will introduce perpetual futures trading on the exchange.
RLUSD has a market capitalization of $2.57 billion, with $1 billion issued on the XRP Ledger. The stablecoin, launched in December 2024, is backed by a $2.57 billion market cap, with nearly $1 billion issued on the XRP Ledger. Robinhood reported 28.6 million funded customers globally as of August, providing a substantial distribution channel for the stablecoin.
Ripple also expanded its collaboration with BNY to offer custody of XRP and RLUSD through its Digital Asset Custody platform, allowing BNY clients to mint and redeem RLUSD. Furthermore, Ripple partnered with C2FO to bring financing and settlement for its Instant Pay service onto the XRP Ledger, with the service currently in testing and expected to launch by the end of the year.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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