Robinhood denies stablecoin rumors, no plans to launch in the short term

Odaily Planet Daily reported that Johann Kerbrat, vice president and general manager of Robinhood Crypto, clarified on Monday that Robinhood (HOOD) has no plans to launch its own stablecoin in the short term. Kerbrat said: "At present, we do not have any immediate plans to launch a stablecoin. Rumors are always interesting, but we don't really spend time on it." This statement broke the speculation in the market, and Robinhood continued to focus on its existing cryptocurrency services. Although the market is turbulent, Bitcoin is still the focus of investors, and future developments are worth looking forward to. 🚀