Robinhood, the popular trading app, has no immediate plans to issue a stablecoin, according to the company’s vice president and general manager of crypto, Johann Kerbrat. In an interview with Decrypt, Kerbrat said that “there are no plans in the short term to launch our stablecoin.” “We find it an intriguing space. It's just not something that we are spending time on right now,” he added. Robinhood was earlier reported to be exploring the launch of a stablecoin, but later stated that it has “no immediate plans to launch a stablecoin.” Meanwhile, Revolut “is considering launching our own stablecoin as part of our broader crypto offering, but no final decision has been made,” a spokesperson told Blockworks. Stablecoins are cryptocurrencies that are pegged to a fiat currency, such as the US dollar. This makes them less volatile than other cryptocurrencies, which can make them more attractive to investors and businesses. There are a number of reasons why Robinhood may not be in a hurry to launch a stablecoin. One reason is that the regulatory landscape for stablecoins is still evolving. The US Securities and Exchange Commission (SEC) has not yet classified stablecoins as securities, but it is possible that the SEC could do so in the future. This could create regulatory uncertainty for companies that issue stablecoins. Another reason why Robinhood may not be in a hurry to launch a stablecoin is that the market for stablecoins is still relatively small. Tether, the largest stablecoin by market capitalization, has a market cap of around $68 billion. This is small compared to the market cap of Bitcoin, which is around $800 billion. Finally, Robinhood may not be in a hurry to launch a stablecoin because it is focused on other priorities. The company is currently working on expanding its crypto trading offering and launching a new crypto wallet.