Bloomberg: Robinhood is considering launching a stablecoin
According to Bloomberg, fintech giants Robinhood and Revolut are considering launching stablecoins. However, a spokesperson for Robinhood stated that there are currently "no plans" to issue a stablecoin, but did not question the possibility. Robinhood currently offers various digital asset transactions on its platform, including the USDC stablecoin issued by Circle. In addition, UK-based Revolut is also considering launching a stablecoin. Last week, Revolut launched a retail wealth management app that supports trading in multiple asset categories including cryptocurrencies. A spokesperson for Revolut said the company plans to "further expand" its crypto products but did not directly mention stablecoins. Some analysts believe that the upcoming MiCA regulations in the EU will promote stablecoin activity in the region. These provisions will fully come into effect at the end of 2024 and set specific rules for issuers of stablecoins, including licensing agreements and strict reserve management rules.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ENA has broken through $0.37, with a 24-hour increase of 19.56%
Eugene: Bitcoin seasonal rise and fall records show an upward trend in October
Forbes Reporter: The U.S. SEC may appeal the ruling on the Ripple case