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Crypto Prune > Exchange > Bitstamp cites strong RLUSD growth as Robinhood finalizes its $200 million acquisition
Exchange

Bitstamp cites strong RLUSD growth as Robinhood finalizes its $200 million acquisition

8 months ago 4 Min Read

  • RLUSD ranks among the top 3 Stablecoins traded on BitStamp, promoting XRP ledger activity.
  • Robinhood’s $200 million bit stamp transaction adds over 50 licenses and a global crypto infrastructure.
  • BitStamp will expand RLUSD adoption across the global market during its early integration phase.

According to comments made at XRPL Apex 2025, the XRP Ledger community’s annual summit, Ripple’s new RLUSD Stablecoin is gaining attention on Bitstamp. BitStamp general manager Leonard Hoh said RLUSD is currently one of the most traded stub coins on the exchange. The update comes days after Robinhood completed its $200 million acquisition of BitStamp amid a general rise in Stablecoin activity.

HOH spoke to participants on the XRPL main stage to confirm that RLUSD was already “Top 3 Traded Stablecoin” on Bitstamp. He added that the performance of the tokens drives the main volume of the XRP ledger, where Stablecoin was issued natively.

The overall Stablecoin market has recently surpassed its $250 billion capitalisation, and RLUSD entries have contributed to this trend. BitStamp has established itself as a central venue for RLUSD and XRP liquidity, and HOH describes it as “one of the greatest liquidity of XRP and RLUSD today.”

Stablecoin’s market capitalization is over $250 billion and is just beginning.

XRPL MainStage, Leonard Hoh, General Manager, @BitStamp by @RobinhoodApp from @XRPLAPEX shared how RLUSD unlocks substantial utilities for both institutional and retail users of XRPL. pic.twitter.com/snyn50iw88

– Ripplex (@ripplexdev) June 12, 2025

Despite its European origins, BitStamp currently serves users across multiple continents. According to HOH, the exchange’s customer base includes traders from Europe, the UK, North, South America and Asia. He emphasized that this global user interaction occurs early in the adoption of RLUSD.

See also  Dogelon Mars Recent Metaverse Updates

Robinhood wins licenses and infrastructure with a global push

Robinhood closed its acquisition of BitStamp in early June, marking a major move in its global expansion strategy. The $200 million transaction added over 50 cryptographic licenses to the Robinhood portfolio, bringing new institutional infrastructure into the company. This includes “crypto-as-a-service” tools designed for lending, staking, and fintech companies, hedge funds and registered investment advisors.

The infrastructure acquired through BitStamp will strengthen Robinhood’s capabilities in settlement, custody and price discovery. These tools are expected to support Robinhood’s ambitions to build a global crypto presence using BitStamp’s existing infrastructure and market reputation.

One of the oldest exchanges in the Crypto industry, Bitstamp is now a major operational hub as it is about to expand into the UK, Europe and Asia. The acquisition follows a larger initiative at Robinhood to create a global platform that caters to retail and institutional requirements.

Increased traction on BitStamp due to RLUSD is an indicator of increased utility in XRP ledgers. RLUSD is one of the first and only stub coins due to XRPL and is used in many applications and trading pairs. According to HOH’s statement, both institutional users and retail users are beginning to use RLUSD as a convenient and stable industrial asset.

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