Bitstamp Sees Rapid Rise in RLUSD Adoption Following Robinhood Acquisition

Stablecoin activity on the XRP Ledger is surging, fueled by the success of Robinhood’s acquisition of Bitstamp and the integration of its native stablecoin, RLUSD. On Bitstamp, a top exchange for XRP and RLUSD trading, the token has emerged as one of the top-three traded stablecoins, driving significant volume on the network. This surge in adoption comes as both institutions and retail investors increasingly rely on RLUSD as a convenient and stable on-ledger asset.