Robinhood Ready to Launch Its Own Stablecoin?
Robinhood is reportedly considering creating a stablecoin backed by the US dollar, following in the footsteps of Tether (USDT) and Circle (USDC). While this is still just a rumor, as reported by Bloomberg, a Robinhood spokesperson indicated that there are âno imminent plans.â Since opening up to cryptocurrency in 2022, Robinhood has seen considerable trading volumes, which could explain its growing interest in a homegrown stablecoin. However, we will have to wait and see if the company will take the plunge, as SG-FORGE did with EURCV.
