Bloomberg: Financial technology giants Robinhood and Revolut are considering launching stablecoins

2024-09-27 07:57:25

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ChainCatcher news, 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 stablecoins, but did not dismiss the possibility. Robinhood currently offers a variety of digital asset trading on its platform, including the stablecoin USDC issued by Circle.

Additionally, UK-based Revolut is also considering launching a stablecoin. Last week, Revolut launched a retail wealth management application that supports trading across various asset classes, including cryptocurrencies. A spokesperson for Revolut stated that the company plans to "further expand" its crypto products, but did not directly mention stablecoins. Some analysts believe that the upcoming MiCA regulations from the EU will promote stablecoin activity in the region. These regulations will come into full effect by the end of 2024 and will establish specific rules for stablecoin issuers, including licensing agreements and strict reserve management rules.

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Robinhood Revolut stablecoin

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