RLUSD: The Stablecoin Everyone’s Talking About (And You Should Too!)

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So, Leonard Hoh, the big cheese over at this European crypto exchange—yeah, the one owned by Robinhood, you know, the folks who made trading feel like a game—decided to grace us with his presence at the Apex 2025 summit. What a guy! 🎤

He starts rambling about Ripple’s latest shiny toy, the RLUSD stablecoin, which is apparently taking Bitstamp by storm. I mean, who knew a stablecoin could be so… exciting? 😏

And guess what? This little nugget of wisdom was shared by the @RippleXDev account on X, because where else would you get your crypto news?

RLUSD on a tear on Bitstamp

Leonard goes on about how the stablecoin market is booming, with a capitalization that’s now over $250 billion. That’s billion with a ‘B’, folks! He claims Bitstamp is now “one of the biggest liquidity venues for XRP and RLUSD.” I mean, who doesn’t want to be a liquidity venue? Sounds fancy, right? 💧

Stablecoin market cap has surpassed $250B, and is just getting started.

On the XRPL mainstage at @xrplapex, Leonard Hoh, General Manager, @Bitstamp by @RobinhoodApp shared how RLUSD is unlocking real-world utility for both institutional and retail users on XRPL.

— RippleX (@RippleXDev) June 12, 2025

Now, while Bitstamp is European, they’re not just sitting around sipping espresso. They’ve got customers from all over—UK, North and South America, Asia. It’s like a global trading party, and everyone’s invited! 🎉 Hoh insists this is just the beginning for RLUSD on their platform. Can you feel the excitement? Or is that just me?

Currently, RLUSD is “a top-three traded stablecoin” on Bitstamp. Wow, top three! That’s like being the third-best pizza place in a town full of pizza joints. 🍕

Overall, Leonard believes “RLUSD is unlocking real-world utility for both institutional and retail users on XRPL.” Sounds great, but can it unlock my front door? Asking for a friend.

Robinhood buys Bitstamp for $200 million

In a move that shocked absolutely no one, Robinhood dropped a cool $200 million to buy Bitstamp. I mean, why not? They got over 50 crypto licenses and a whole new infrastructure for lending, staking, and whatever “crypto as a service” means. Sounds like a fancy way to say they’re getting into the crypto game big time! 💰

And let’s not forget, this is Robinhood we’re talking about. They’re expanding their reach into the UK, Asia, and Europe, trying to become the global crypto powerhouse. Because who doesn’t want to be a powerhouse? Just don’t forget to bring your own power supply! ⚡

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2025-06-12 15:17