XRP News Today: Ripple’s RLUSD Stablecoin Surges 200% on Bitstamp After Robinhood Acquisition

Generated by AI AgentCoin World
Thursday, Jun 12, 2025 2:56 pm ET1min read
XRP
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Ripple’s

RLUSD
stablecoin has seen a significant surge in popularity on the Bitstamp exchange, following Robinhood’s strategic acquisition of the platform for $200 million. This move has had a profound impact on the XRP Ledger ecosystem, driving increased market activity and liquidity.

Leonard Hoh, the general manager at Bitstamp, highlighted the rapid rise of RLUSD during the Apex 2025 XRPL summit. He noted that RLUSD has quickly become one of the three most traded stablecoins on Bitstamp, attributing this success to the platform's growing liquidity in both RLUSD and XRP. Bitstamp has seen a global influx of users from Europe, the UK, Asia, and the Americas, contributing to RLUSD's early momentum.

The overall market cap for stablecoins has surpassed $250 billion, indicating a broader expansion in the stablecoin sphere. This growth is further fueled by Robinhood’s acquisition of Bitstamp, which has granted Robinhood over 50 crypto licenses and direct access to a large institutional client base. The acquisition has also strengthened Robinhood’s lending, staking, and crypto-as-a-service offerings infrastructure, positioning it as a major global player in the digital asset space.

Robinhood’s strategic move to expand internationally through Bitstamp, one of the oldest crypto exchanges, is already paying off. The trading platform is extending its reach into key regions, aiming to become a dominant force in the digital asset market. RLUSD is proving to be a valuable tool within the XRP Ledger, unlocking real-world utility for both institutional and individual traders. This aligns with Robinhood’s broader strategy of merging accessible retail trading with deeper crypto capabilities.

The combination of Robinhood’s acquisition and Bitstamp’s global reach is driving RLUSD’s rapid growth. As stablecoin use continues to rise, RLUSD is emerging as a central asset on the XRP Ledger through one of the market’s most active exchanges. This development underscores the growing importance of stablecoins in the digital asset ecosystem and the strategic advantages that Robinhood’s acquisition of Bitstamp brings to the table.