The stablecoin RLUSD is showing significant growth on the Bitstamp platform, especially following Robinhood's acquisition of the exchange.
RLUSD as a Trading Leader on Bitstamp
At the XRPL Apex 2025 summit, Bitstamp General Manager Leonard Hoh stated that RLUSD is now among the three most traded stablecoins on the platform. According to him, the growing interest in RLUSD has driven significant trading volumes on the XRP Ledger, where the coin is natively issued.
Robinhood's Expansion through Bitstamp Acquisition
Robinhood has completed its $200 million acquisition of Bitstamp, marking a significant step in the company's global expansion strategy. The deal allowed Robinhood to acquire over 50 crypto licenses and implement a new infrastructure for institutional clients, including lending and staking.
Global Adoption of RLUSD
RLUSD is demonstrating its utility on the XRP Ledger, leading both institutional and retail users to start using it as a stable asset on the platform. Bitstamp is now one of the largest liquidity sources for RLUSD and XRP, serving clients across the globe.
The increasing popularity of RLUSD on Bitstamp, combined with Robinhood's expansion capabilities, highlights the significance of stablecoins in the cryptocurrency industry and underscores important market changes.
