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Robinhood partners with Ripple for RLUSD stablecoin and treasury management
Robinhood announced a deepened partnership with Ripple, bringing Ripple's RLUSD stablecoin to its platform and adopting Ripple's treasury management software and institutional trading loan services. The RLUSD stablecoin launched on Robinhood's own blockchain and the Bitstamp exchange on Tuesday, with an expected launch on the main Robinhood app later this year. Additionally, Robinhood will use Ripple Treasury software to manage its global treasury operations and access institutional lending and margin financing services through Ripple Prime. Ripple's RLUSD stablecoin, launched in December 2024, now has a market capitalization exceeding $2.5 billion.
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Previous: Robinhood's Q3 crypto revenue reached $120 million, with Robinhood Chain contributing $26 million, offsetting declines in other crypto revenue. However, the company's overall revenue and earnings both missed MarketBeat's consensus estimates.
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