robinhood market and Revolute reportedly non-committal When asked about media reports that he is considering launching a stablecoin.
Asked about the Bloomberg report, a Robinhood spokesperson said the company has “no imminent plans to launch this service.”,” meanwhile According to Bloomberg, a Revolut spokesperson said the company plans to “further grow” its suite of cryptocurrency products, without confirming the stablecoin talk. reported Thursday (September 26).
In the same report, Bloomberg said anonymous sources said Robinhood and Revolt own stablecoin.
The report states that Robinhood and Revolt own Although it is a stablecoin, you can choose not to be one.
The report said the companies' moves were driven by expectations that regulatory changes in Europe and elsewhere would expand opportunities in the digital asset space.
tetherUSDT, which accounts for more than two-thirds of the stablecoin market in terms of circulating value, does not have the appropriate permissions to meet the European Union's crypto rules known as MiCA, which are expected to be adopted at the end of the year. . According to the report.
these Regulations could force crypto exchanges operating within the EU to delist stablecoins from issuers that do not have proper permissionssays the report..
Tether CEO Paolo Ardoino The company said in the report that it is working on solutions to serve the EU market.
circle internet financialwhose USDC is a runner-up to Tether's USDT. conditions of According to the report, the market share has obtained the necessary EU license.
stable coin has attracted attention in recent years For the most part Because they solve one of the biggest problems with cryptocurrencies: volatility.
Stablecoins are designed to maintain stable value, as digital currencies are pegged to traditional fiat currencies such as the US dollar. Bypassing also reduces transaction costs and settlement times. traditional banking systems and intermediaries;
For blockchain/cryptocurrency companies ripple Announced plans to launch dollar peg system in April stable coinsaid its solution will bridge the gap between traditional finance and cryptocurrencies.
