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Ripple partners with Robinhood to expand distribution of RLUSD digital dollar

Ripple is partnering with Robinhood to expand distribution of its stablecoin RLUSD. Robinhood will use RLUSD for institutional trade settlement and internal cash management, and the companies agreed to strengthen links between digital asset trading and fundraising for institutions. Robinhood will also pursue automated treasury operations using Ripple Treasury infrastructure. RLUSD is set to be listed on Robinhood’s trading platform and is currently tradable on Bitstamp and Robinhood Chain.