Ripple strikes deal with Robinhood to expand its RLSUD digital dollar

Ripple has struck a deal with Robinhood to expand the reach of its digital dollar, RLUSD , strengthening trading and financing links between their institutional businesses and improving Robinhood's internal money management. The partnership involves using RLUSD to settle institutional trades, automate Robinhood's treasury operations and expand access to digital asset trading and financing through Ripple Prime and Bitstamp, the global crypto exchange acquired by Robinhood last year . It also helps meet Robinhood's ambition of becoming a global financial super-app, centralizing its customers' financial lives while expanding the underlying infrastructure that can serve both retail and institutional clients. "Utility is what moves stablecoins forward.