- RLUSD ranks among top 3 stablecoins traded on Bitstamp, driving XRP Ledger activity.
- Robinhood’s $200M Bitstamp deal adds 50+ licenses and global crypto infrastructure.
- Bitstamp expands RLUSD adoption across global markets during early integration phase.
Ripple’s new RLUSD stablecoin is gaining traction on Bitstamp, according to remarks made at XRPL Apex 2025, the annual summit for the XRP Ledger community. Leonard Hoh, General Manager of Bitstamp, said RLUSD is now one of the most traded stablecoins on the exchange. The update comes amid a general increase in stablecoin activity and just days after Robinhood completed its $200 million acquisition of Bitstamp.
Hoh addressed attendees at the XRPL main stage, where he confirmed that RLUSD has already become a “top-three traded stablecoin” on Bitstamp. He added that the token’s performance has driven major volume on the XRP Ledger, where the stablecoin is natively issued.
The stablecoin market as a whole recently surpassed a capitalization of $250 billion, with RLUSD’s entry contributing to this trend. Bitstamp has positioned itself as a central venue for RLUSD and XRP liquidity, with Hoh describing the exchange as “one of the biggest liquidity venues for XRP and RLUSD today.”
Despite its European origins, Bitstamp now serves users across multiple continents. According to Hoh, the exchange’s customer base includes traders from Europe, the U.K., North and South America, and Asia. He highlighted that this global user interaction is occurring during what is still the early phase of RLUSD adoption.
Robinhood Gains Licenses and Infrastructure in Global Push
Robinhood closed its acquisition of Bitstamp in early June, marking a major move in its global expansion strategy. The $200 million deal added more than 50 crypto licenses to Robinhood’s portfolio and introduced a new institutional infrastructure for the firm. This includes lending, staking, and “crypto as a service” tools designed for fintech firms, hedge funds, and registered investment advisors.
The infrastructure acquired through Bitstamp enhances Robinhood’s capabilities in settlement, custody, and price discovery, three pillars of institutional crypto operations. These tools are expected to support Robinhood’s ambitions to build out its global crypto presence using Bitstamp’s existing infrastructure and market reputation.
Bitstamp, which is among the oldest exchanges in the crypto industry, will now be a major operational hub as Robinhood looks to expand to the U.K., Europe, and Asia. The acquisition follows the larger initiative at Robinhood to create a global platform, catering to the retail as well as institutional requirements.
The gain in traction on Bitstamp by RLUSD is an indicator of its increased utility on the XRP Ledger. RLUSD is among the first and only stablecoins native to XRPL, and is seeing usage in a number of applications and trading pairs. According to the remarks of Hoh, both institutional and retail users start to use RLUSD as a convenient and stable on-ledger asset.
