Robinhood Stable Coin Speculation: Bloomberg reports that Robinhood is exploring the possibility of launching a stable coin, though the company has not announced any immediate plans.
Current #cryptocurrency offerings: #Robinhood already supports transactions with several digital assets, including Circle's USDC stable coin.
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are no immediate plans, but given PayPal's successful launch of PYUSD last year and the fact that companies like Revolut are considering similar moves, it's not hard to imagine Robinhood entering the stable coin realm. Taken together, it's starting to feel like an inflection point where major services and TradFi companies are starting to use tokenization as the way forward, as cryptocurrencies have become too big to ignore.
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David is a writer/analyst at Bankless; prior to joining Bankless, he worked at a number of early-stage cryptocurrency startups and received grants from #Ethereum , #Solana and the Urbit Foundation. He graduated from Skidmore College in New York City. He currently lives in the Midwest and is passionate about ''NFT- but is not currently involved.
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