Leonard Hoh, General Manager, on the main European encrypted currency exchange owned by RobinHood, the stage during the last Apex 2025, the largest XRPL summit.
He talked about the latest girls ’ideas from Ripple, RLUSD Stablecoin, gained traction on Bitstamp quickly in the XRPL ecosystem in general.
This video extract was shared by the Ripplexdev account on the social media network X.
You may also like
rlusd on a tear on bitstamp
Leonard Hu has clarified the great growth facing the Stablecoin market at the present time as the associated value exceeded $ 250 billion. He emphasized that Bitstamp has recently become “one of the largest liquidity places for XRP and RLUSD today.” Therefore, this drives a lot of activity on the Professor XRP book.
He said that while Bitstamp is an exchange of European founding, they still get many customers not only from Europe but also from the United Kingdom, North, South America and Asia as well. HoH emphasized that this massive delivery of merchants from around the world on Bitstamp and their interaction with the XRP community comes in an early stage of RLUSD on this platform.
Currently, RLUSD is “the three best in circulation in Stablecoin” on Bitstamp, according to the General Manager of this encryption exchange.
In general, it is believed that “RLUSD opens the real world benefit for both institutions and retail users on XRPL.”
You may also like
Robinhood buys bitstamp for $ 200 million
In early June, Robinhood closed the Bitstamp deal to buy a Big 200 million dollars. This acquisition brought more than 50 encryption licenses all over the world, gave it a huge institutional base for customers, a new infrastructure for lending, deception, and “encryption as a service”. The latter aims to technology, hedge funds, and registered investment consultants. This requires strong settlement systems, custody, and discovery of prices.
Moreover, Robinhood is working to expand its presence in the United Kingdom, Asia and Europe as it has the goal of switching to a global encryption force using popular platforms like Bitstamp, which is also one of the oldest exchanges in the history of the encryption market.
