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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.
Robinhood and Ripple announced a partnership making Ripple’s RLUSD stablecoin available on Robinhood’s platforms, with app access planned for later this year. The companies are also working together on Robinhood treasury operations and institutional trading.