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Robinhood and Revolut Explore Launching Stablecoins in $170B Market Amid Regulatory Shifts
Sep 26, 2024, 05:20 PM
Robinhood and Revolut are exploring the possibility of launching their own stablecoins. This move comes as both companies aim to expand their crypto offerings amid stricter regulations in Europe and other regions. However, a Robinhood spokesperson stated that there are no immediate plans for a stablecoin launch, and Revolut has neither confirmed nor denied future stablecoin plans. The stablecoin market is valued at $170 billion, and the companies' potential entry could impact Tether's dominance in the sector. Robinhood trades under the ticker $HOOD.
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