Ripple’s RLUSD stablecoin is gaining rapid traction on Bitstamp following a significant shift in ownership. Robinhood’s recent $200 million acquisition of the European-founded exchange is already reshaping market activity across the XRP Ledger ecosystem.
Leonard Hoh, general manager at Bitstamp, shared insights during the Apex 2025 XRPL summit about RLUSD’s sharp rise in trading volume. As Hoh stated, RLUSD has managed to become one of the three most traded stablecoins on Bitstamp within a short time. He attributed this development to the fact that the platform has continued to become more liquid with respect to both RLUSD and XRP.
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Bitstamp is already attracting trade participation from Europe, the UK, Asia, and the Americas. With this worldwide influx of users, Hoh believes that RLUSD is gaining its early momentum on the site. He observed a wider expansion in the sphere of stablecoins, and the overall market cap has surpassed $250 billion.
Robinhood’s Strategic Acquisition Boosts Stablecoin Momentum
This rise in RLUSD activity comes shortly after Robinhood finalized its $200 million purchase of Bitstamp. The acquisition granted Robinhood over 50 crypto licenses and direct access to a large institutional client base. It also strengthened its lending, staking, and crypto-as-a-service offerings infrastructure.
Robinhood’s goal to expand internationally is being realized through Bitstamp, one of the oldest crypto exchanges. With this deal, the trading platform is extending its reach into key regions and aiming to become a major global player in the digital asset space.
Additionally, RLUSD is proving to be a valuable tool within the XRP Ledger. Hoh stated that it is 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 fueling RLUSD’s rapid growth. As stablecoin use rises, RLUSD is emerging as a central asset on the XRP Ledger through one of the market’s most active exchanges.
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