Ripple strikes deal with Robinhood to expand RLUSD stablecoin

Ripple has partnered with Robinhood to expand its RLUSD digital dollar, covering institutional trade settlement, treasury automation and access via Ripple Prime and Bitstamp. RLUSD's market cap has topped $2.5 billion, while the total stablecoin market exceeds $300 billion.

• RLUSD will settle institutional trades for Robinhood
• RLUSD market cap has grown past $2.5 billion
• The total stablecoin market now exceeds $300 billion
• RLUSD will also be listed on Robinhood's trading platform