The chief executive officer of Circle, Jeremy Allaire confirmed the integration of USDC over Robinhood and mentioned that the platform will intensify the use of stablecoins in Europe.
The integration of USDC to its platform shows an intense wish of the platform to offer investors flexible options in the crypto space.
Circle has also introduced USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) over an independent layer-1 blockchain platform, Aptos.
Robinhood Crypto EU is now offering Circle’s USDC stablecoin on its platform to its European customers. The decision comes with permitting the users to access a dollar-based digital asset. As every platform is somewhere expanding itself in the crypto space, this is a step taken by Robinhood in this direction.
Robinhood has announced the integration of Circle’s USDC in its platform through a recent post on X, permitting 24 million registered accounts to access the dollar-based digital asset. The platform aims to offer users flexible options in the crypto world.
Circle CEO’s stance on this integration
The chief executive officer of Circle, Jeremy Allaire confirmed the integration of USDC over Robinhood and mentioned that the platform will intensify the use of stablecoins in Europe. Apart from USDC, the CEO also highlighted EURC, the euro stablecoin of Circle, as both assets work under the substructure of European laws.
Allaire emphasized, “EURC is the biggest Euro Stable that that shown a rapid growth in 2024. The stablecoin is taking advantage of the clear and fair regulations in Europe and is increasing TX volume along with on-chain FX use. Along with this, a lot of exchanges and wallets are showing support.”
High influence of Robinhood in the crypto space
Robinhood is continuously working to broaden its crypto portfolio and is supporting more than 30 digital assets. Despite offering the lowest-cost trading in the European market, the platform has somehow positioned itself as a leading crypto platform.
The integration of USDC to its platform shows an intense wish of the platform to offer investors flexible options in the crypto space. Not long ago, Robinhood also added Dogwifhat (WIF), to show its support to memecoins. After adding the memecoin, an upward trajectory in WIF price as well as trading volume was witnessed.
This clearly shows that the platform has a high influence over market trends in the crypto industry. Talking about more developments, Circle introduced USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) over an independent layer-1 blockchain platform, Aptos.
By this, the native issuance of USDC on Aptos is granted and will surely improve the working model in the space. It also works to enhance cross-chain interoperability and cuts dependence on bridged versions of the stablecoin.
The introduction of CCTP makes the transfers between Aptos and other blockchains easy. This step acclaims the USDC strategy of Circle and boosts its usability in decentralized finance.
