Robinhood, Revolut eye entry into stablecoin market — Report
Both Robinhood and Revolut are reportedly considering issuing their own stablecoins as the industry continues to expand.
Fintech giants Robinhood and Revolut are eyeing the stablecoin market, as new regulations in Europe promise to deliver regulatory clarity and impact crypto-native companies’ market share.
According to a Sept. 26 Bloomberg report citing unnamed sources, both Robinhood and Revolut are considering issuing their own stablecoins as the industry continues to expand.
The stablecoin market has been largely dominated by Tether’s USDt (USDT). The stablecoin issuer has benefited from the broader macroeconomic landscape and crypto market turbulence over the past two years, including banking crises and regulatory crackdowns on firms in the United States.
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Author: Ana Paula Pereira
