tldr; Robinhood is considering entering the stablecoin market, potentially challenging Tether’s dominance. Although a spokesperson stated there are no imminent plans, the move could fill gaps created by the EU’s Markets in Crypto-Assets Regulation (MiCA). Robinhood, which has expanded its crypto services in Europe, aims to capitalize on the stablecoin market, currently led by Tether with a $120 billion market cap. The company sees stablecoins as a stable alternative to volatile cryptocurrencies, appealing to financial institutions for settlements.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
CryptoScamee42069 on
No
kirtash93 on
Mandatory: F RobinHood. Stay away from them if you like your money.
3 Comments
tldr; Robinhood is considering entering the stablecoin market, potentially challenging Tether’s dominance. Although a spokesperson stated there are no imminent plans, the move could fill gaps created by the EU’s Markets in Crypto-Assets Regulation (MiCA). Robinhood, which has expanded its crypto services in Europe, aims to capitalize on the stablecoin market, currently led by Tether with a $120 billion market cap. The company sees stablecoins as a stable alternative to volatile cryptocurrencies, appealing to financial institutions for settlements.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
No
Mandatory: F RobinHood. Stay away from them if you like your money.