**Crypto Giants Robinhood and Revolut Eye Stablecoin Market Amid New EU Regulations đ**
- Robinhood and Revolut are reportedly considering launching their own stablecoins, as new European regulations promise clearer rules for the crypto industry.
- Tether (USDT) currently dominates the stablecoin market, holding over 75% market share and reporting record profits.
- The EUâs MiCA regulation, introduced in 2023, imposes strict rules on stablecoins, including reserve requirements and transaction volume caps.
- Tetherâs CEO criticized the regulations, while Circleâs Euro-backed stablecoin EURC is adapting to the new framework.
- Stay tuned for more stablecoin shake-ups!