Ripple’s RLUSD stablecoin is set to reach Robinhood’s retail customers later this year, giving the dollar-backed token access to a brokerage platform with roughly 28.6 million funded accounts.

“From bringing RLUSD to retail and institutional markets to helping Robinhood manage its own treasury operations, this partnership reflects growing institutional demand for integrated solutions that support customer-facing offerings and core financial operations,” said Monica Long, president of Ripple.

The companies announced the partnership on Tuesday. RLUSD is already available on Robinhood Chain and Bitstamp, the crypto exchange Robinhood acquired for $200 million in June. Now, RLUSD is also expected to become available through the Robinhood app before the end of 2026.

That decision puts Robinhood in an unusual position, as it helped establish the Global Dollar Network in 2024 to promote USDG, a competing stablecoin issued by Paxos. Now, Robinhood is announcing its plans to offer Ripple’s rival token to its customers.

The Global Dollar Network, founded in 2024, brings together companies that help distribute USDG and share in the revenue it generates. The arrangement gives members a financial incentive to promote USDG, but Robinhood’s partnership with Ripple shows that those incentives do not preclude members from offering competing stablecoins. Other founding members included Kraken, Galaxy Digital, Anchorage Digital and CoinDesk's parent company, Bullish. Arbitrum joined earlier this month.

Robinhood has already given USDG a role in its products. In July, the consortium announced that USDG would be the default lending asset for Robinhood Earn, its onchain lending product.

Source link