Robinhood Vice President: There are no plans to launch a stablecoin in the short term

ChainCatcher news, according to Decrypt, Robinhood has denied speculation about the company entering the stablecoin market and confirmed on Monday that Robinhood (HOOD) has no "short-term plans" to launch its own stablecoin.

Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, stated, "At this time, we have no immediate plans to launch a stablecoin. Rumors are always interesting, but we are not really spending time on this."