Robinhood, Revolut Explore Joining $170 Billion Stablecoin Market
WEB2 days ago · As the value of USDT in circulation rose in tandem with interest rates, the profit Tether earned mainly from the reserves backing it hit $5.2 billion in the first half of 2024, according to Tether.
Robinhood, Revolut Explore Entering $170B Stablecoin Sector
WEB2 days ago · Companies from Robinhood Markets Inc. to Revolut Ltd. are considering launching stablecoins, betting that stricter regulations in Europe and elsewhere will finally loosen Tether Holdings Ltd.’s ...
Robinhood, Revolut Eye $173B Stablecoin Market: Report - Crypto News
WEB1 day ago · Tether circulation has grown to almost $120 billion, dominating more than two-thirds of the stablecoin market, the report added. Per DefiLlama, Tether accounts for 69.14% of stablecoin dominance. In July, Tether reported a record-breaking $5.2 million profit in first half of 2024. Further, the stablecoin’s US Treasury portfolio is worth ...
Bloomberg: Robinhood and Revolut Could Issue Their Own …
WEB1 day ago · According to a report on Bloomberg, both Robinhood and Revolut are reportedly considering the issuance of their own stablecoins, joining an increasingly attractive market dominated by Tether's ...
Robinhood and Revolut Eye Stablecoins as MiCA Disrupts Tether
WEB1 day ago · Bloomberg reports that Robinhood and Revolut, two massive fintech firms, are considering entering the stablecoins market. The two companies hope to loosen Tether’s overwhelming dominance in the stablecoin market. Neither company has officially made firm commitments on the subject, and no employees have spoken on the record.
Robinhood, Revolut Explore Joining $170 Billion Stablecoin Field
WEBCompanies from Robinhood Markets Inc. to Revolut Ltd. are considering launching stablecoins, betting that stricter regulations in Europe and elsewhere will finally loosen Tether Holdings Ltd. ’s grip on the rapidly expanding $170 billion digital-asset sector.. Robinhood and Revolut, two of the most valuable fintechs, have both been kicking the tires on issuing their own stablecoins, but the ...
Robinhood, Revolut Reportedly Looking To Rival Tether With
WEB2 days ago · Robinhood and Revolut reportedly exploring stablecoin launch, potentially challenging Tether's $120B dominance amid EU regulatory changes. Stablecoins gain traction as payment method, with Tether ...
Robinhood, Revolut to challenge Tether dominance in stablecoin …
WEB1 day ago · Robinhood and Revolut are mulling the launch of their own stablecoins, betting that stricter regulations in Europe could loosen Tether’s dominance in the $170 billion digital asset market. While both fintech companies are considering the move, they have not yet committed, according to Bloomberg.
Robinhood Plans to Enter the Stablecoin Market: Can It Challenge Tether?
WEB1 day ago · A Robinhood spokesperson said that the company has “no imminent plans to launch this offering.” Tether, with a market cap of about $120 billion, dominates the $170 billion stablecoin market.
Robinhood, Revolut eye entry into stablecoin market — Report
WEBFintech giants Robinhood and Revolut are eyeing the stablecoin market, as new regulations in Europe promise to deliver regulatory clarity and impact crypto-native …
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