Robinhood Crypto EU has added the USDC stablecoin, providing users with regulated dollar-backed digital assets and expanding its range of cryptocurrency products.
Robinhood Crypto EU has expanded the available options on its platform and now offers Circle's USDC stablecoin to its European customers. This integration enables users to access regulated dollar-based digital assets, thereby broadening Robinhood's product portfolio in the crypto space.
Robinhood launches the USDC stablecoin for European users
According to a recent article on X, Robinhood Crypto EU has incorporated Circle's USDC into its platform, allowing 24 million registered accounts to access dollar-backed digital assets. This new feature aligns with the trading platform's strategy to provide compliant options in the cryptocurrency space for users.
Circle CEO Jeremy Allaire acknowledged that USDC is about to land on Robinhood and stated that the platform could further promote the use of stablecoins in Europe. In addition to USDC, Allaire also emphasized Circle's euro stablecoin EURC, as both assets operate within the European regulatory framework.
The CEO of Circle added,
"EURC is the largest euro stablecoin, rapidly developing this year, leveraging clear and fair regulations in Europe (alongside USDC!), with increasing trading volume and on-chain forex usage, and more exchanges and wallets are launching support."
Cryptocurrency services across the European market
Robinhood continues to expand its cryptocurrency portfolio, supporting over 30 digital assets. The platform offers the lowest-cost trading in the European market, further solidifying its position as a leading cryptocurrency platform. The inclusion of USDC in its product range signifies its commitment to providing diversified options for investors.
Recently, the trading platform added the Solana-based meme coin Dogwifhat (WIF) to its list of supported cryptocurrencies. This move triggered a surge in WIF's price and trading volume, highlighting its influence on market trends in the cryptocurrency sector.
Meanwhile, Circle launched the USDC stablecoin and the Cross-Chain Transfer Protocol (CCTP) on the Aptos blockchain. This integration makes it possible to issue USDC on Aptos, thereby improving its functionality within the network. It also enhances cross-chain interoperability and reduces reliance on bridged versions of stablecoins.
The launch of CCTP facilitates seamless transfers between Aptos and other blockchains (such as Ethereum, Solana, and Base). This move complements Circle's USDC strategy, further expanding its availability in decentralized finance.
