Ripple announced strategic partnerships with Robinhood and BNY to modernize treasury operations and institutional settlements. The company secured final approval for its national trust bank and launched the RLUSD platform for 24/7 corporate treasury management. These developments focus on leveraging the RLUSD stablecoin to enhance financial infrastructure and settlement processes for institutional clients.
The move comes as the stablecoin’s market capitalization grows to $2.6 billion, while Robinhood’s crypto revenue fell 55% in the third quarter.
Read the full storyThe partnership targets institutional settlement and treasury management, while integration into the Robinhood app is expected later this year as the company’s cryptocurrency revenue declines.