Robinhood executives: Working with Paxos to create an open network for stablecoins

ChainCatcher news, according to Bitcoinist, multiple companies in the United States are entering the stablecoin space. For example, Visa has launched a tokenized asset platform that allows banks to issue stablecoins. Robinhood Crypto General Manager Johann Kerbrat revealed that the company is collaborating with Paxos to create an open network for stablecoins, emphasizing that stablecoins can bring significant value to its platform.

Fintech company Revolut is exploring the possibility of launching its own stablecoin, while Stripe has acquired the fintech platform Bridge, which specializes in stablecoin transactions.

CMT Digital Investment Partner Augustus Ilag stated, "The issuance of stablecoins is now a highly attractive business model." Rob Hadick, General Partner at digital asset venture firm Dragonfly, emphasized that large companies operating in underserved payment sectors have an increasing demand for stablecoins.

The success of companies like Circle and Tether has prompted many businesses to consider launching their own stablecoins as a way to provide new revenue streams and diversify their products.