Ripple is pushing its dollar stablecoin deeper into brokerage infrastructure: Robinhood will use RLUSD across its retail and institutional businesses, from trade settlement to internal cash management.

Under the deal, RLUSD will settle institutional trades, Ripple Treasury will automate Robinhood's treasury operations, and Ripple Prime will provide financing. Access to digital asset trading and financing will also run through Bitstamp, the exchange Robinhood acquired last year.

RLUSD's market cap now exceeds $2.5B, still far behind USDT and USDC in a stablecoin market above $300B.

RLUSD will be listed on Robinhood's trading platform and is already available on Bitstamp and Robinhood Chain. The partnership puts Ripple in more direct competition with Circle, which is also bundling stablecoin issuance with payment and settlement infrastructure.