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Ripple said it will provide infrastructure for Robinhood, including RLUSD settlement on the XRP Ledger, prime brokerage and treasury operations. It also announced an expanded BNY relationship and introduced Ripple Treasury’s 24/7 Returns product. The OCC granted final approval for Ripple National Trust Bank.
The expanded partnership will bring Ripple’s RLUSD stablecoin to Robinhood’s retail and institutional businesses, with integrations spanning treasury management, lending and trading. RLUSD is already available on Robinhood Chain and Bitstamp by Robinhood.
Bitcoin rebounded above $80,000 Tuesday after briefly slipping below that level. Ethereum, XRP and Dogecoin held steady ahead of Wednesday’s FOMC decision.