đ Crypto News: Robinhood & Revolut Target Stablecoin Market! đ„
- Robinhood & Revolut Are Considering Launching Their Own Stablecoins, According to Bloomberg. đ
- The current stablecoin market is dominated by Tether (USDT), which has over 75% market share. đ°
- Tether Reports Record $5.2B Profit in H1 2024, Encouraging More Competitors to Enter. đč
đ EU's MiCA Regulation Will Have a Big Impact on Stablecoin Market:
- Phase 1: Ends June 30, applies rules on reserves, transparency, and trading volume limits. đ
- Phase 2: Starts December 30, applies to crypto service providers. đŠ
- Tether CEO Paolo Ardoino criticizes regulation requiring 60% of reserves to be held in multiple banks. đŠ
- Circle (USDC) has launched EURC, adapting to the new regulatory framework. đ
What do you think about the future of stablecoins? Comment now! đŹ
