- RLUSD ranks amongst high 3 stablecoins traded on Bitstamp, driving XRP Ledger exercise.
- Robinhood’s $200M Bitstamp deal provides 50+ licenses and world crypto infrastructure.
- Bitstamp expands RLUSD adoption throughout world markets throughout early integration part.
Ripple’s new RLUSD stablecoin is gaining traction on Bitstamp, in accordance with remarks made at XRPL Apex 2025, the annual summit for the XRP Ledger neighborhood. Leonard Hoh, Normal Supervisor of Bitstamp, mentioned RLUSD is now some of the traded stablecoins on the change. The replace comes amid a basic improve in stablecoin exercise and simply days after Robinhood accomplished its $200 million acquisition of Bitstamp.
Hoh addressed attendees on the XRPL foremost stage, the place he confirmed that RLUSD has already grow to be a “top-three traded stablecoin” on Bitstamp. He added that the token’s efficiency has pushed main quantity on the XRP Ledger, the place the stablecoin is natively issued.
The stablecoin market as an entire not too long ago surpassed a capitalization of $250 billion, with RLUSD’s entry contributing to this development. Bitstamp has positioned itself as a central venue for RLUSD and XRP liquidity, with Hoh describing the change as “one of many largest liquidity venues for XRP and RLUSD at this time.”
Stablecoin market cap has surpassed $250B, and is simply getting began.
On the XRPL mainstage at @xrplapex, Leonard Hoh, Normal Supervisor, @Bitstamp by @RobinhoodApp shared how RLUSD is unlocking real-world utility for each institutional and retail customers on XRPL. pic.twitter.com/snyn50Iw88
— RippleX (@RippleXDev) June 12, 2025
Regardless of its European origins, Bitstamp now serves customers throughout a number of continents. In response to Hoh, the change’s buyer base contains merchants from Europe, the U.Okay., North and South America, and Asia. He highlighted that this world consumer interplay is happening throughout what remains to be the early part of RLUSD adoption.
Robinhood Beneficial properties Licenses and Infrastructure in World Push
Robinhood closed its acquisition of Bitstamp in early June, marking a serious transfer in its world enlargement technique. The $200 million deal added greater than 50 crypto licenses to Robinhood’s portfolio and launched a brand new institutional infrastructure for the agency. This contains lending, staking, and “crypto as a service” instruments designed for fintech companies, hedge funds, and registered funding advisors.
The infrastructure acquired via Bitstamp enhances Robinhood’s capabilities in settlement, custody, and value discovery, three pillars of institutional crypto operations. These instruments are anticipated to help Robinhood’s ambitions to construct out its world crypto presence utilizing Bitstamp’s current infrastructure and market fame.
Bitstamp, which is among the many oldest exchanges within the crypto trade, will now be a serious operational hub as Robinhood appears to be like to increase to the U.Okay., Europe, and Asia. The acquisition follows the bigger initiative at Robinhood to create a worldwide platform, catering to the retail in addition to institutional necessities.
The acquire in traction on Bitstamp by RLUSD is an indicator of its elevated utility on the XRP Ledger. RLUSD is among the many first and solely stablecoins native to XRPL, and is seeing utilization in quite a few purposes and buying and selling pairs. In response to the remarks of Hoh, each institutional and retail customers begin to use RLUSD as a handy and steady on-ledger asset.
