Robinhood Markets (NASDAQ:HOOD) is exploring launching its own stablecoin, according to a media report dated Thursday, a move that may position the company to take some market share from Tether's USDT (USDT-USD),

Robinhood Markets, an US-based prominent trading platform, and Revolut, a UK banking entity, are considering offering their own stablecoins.

Robinhood Markets Inc. and Revolut Ltd., two prominent fintech companies, are exploring entering the stablecoin market alongside Ripple.

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 grip on the rapidly expanding $170 billion digital-asset sector.

Major stock and cryptocurrency exchange Robinhood and neobank Revolut are considering entering the stablecoin market. According to a Sept. 26… Continue reading Robinhood and Revolut consider entering stablecoin market The post Robinhood and Revolut consider entering stablecoin market appeared first on ReadWrite.

Robinhood Markets Inc. (NASDAQ:HOOD) and Revolut Ltd. are reportedly exploring the possibility of entering the $170 billion stablecoin market, which could challenge the

Robinhood and Revolut are mulling the launch of their own stablecoins, betting that stricter regulations in Europe could loosen Tether’s dominance

Robinhood and Revolut could “still opt not to proceed” from launching stablecoins, sources close to the companies, said.