{"id":30034,"date":"2024-09-27T22:30:31","date_gmt":"2024-09-27T19:30:31","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=30034"},"modified":"2024-09-27T21:00:24","modified_gmt":"2024-09-27T18:00:24","slug":"robinhood-and-revolut-eyes-possible-entry-into-stablecoin-market","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/robinhood-and-revolut-eyes-possible-entry-into-stablecoin-market\/","title":{"rendered":"Robinhood and Revolut Eyes Possible Entry Into Stablecoin Market"},"content":{"rendered":"<p>Bloomberg reports that fintech behemoth <strong>Robinhood<\/strong> is considering a possible stablecoin. Following companies like PayPal, which unveiled a U.S. dollar-denominated token last summer, the launch would make it the newest traditional finance company to enter the profitable stablecoin market.<\/p>\n<p>Still, a <strong>Robinhood<\/strong> spokesman claimed there are &#8220;no imminent plans&#8221; to create a stablecoin, even if the potential is not disputed. On its platform, <strong>Robinhood<\/strong> now provides trading in a range of digital assets, including the USDC stablecoin developed by Circle.<\/p>\n<p>Bloomberg also mentioned that <strong><a href=\"https:\/\/www.revolut.com\/\">Revolut<\/a><\/strong>, a U.K.-based company, is thinking about introducing stablecoins. The crypto-friendly neo-ban debuted a retail wealth management tool last week that will let traders of cryptocurrency mix with other asset classes. A <strong>Revolut<\/strong> spokesman said the business intends to &#8220;further grow&#8221; its crypto products without specifically referencing a stablecoin.<\/p>\n<p>One developing area of interest for financial organizations is stablecoins. Mostly from interest generated on USDT&#8217;s supporting assets, Tether, the biggest stablecoin issuer, posted $6.2 billion in net operating earnings in 2023. PayPal&#8217;s PYUSD stablecoin, which debuted in August of last year, now boasts a $700 million market capitalization, ranking fourth among all the stablecoins available.<\/p>\n<p>Certain experts believe stablecoin activity in the European Union will increase with the approaching MiCA rules. Set to enter full effect at the end of 2024, the laws provide particular guidelines for stablecoin issuers, including licensing agreements and tight restrictions for reserve holding management.<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg reports that fintech behemoth Robinhood is considering a possible stablecoin. Following companies like PayPal, which unveiled a U.S. dollar-denominated token last summer, the launch would make it the newest traditional finance company to enter the profitable stablecoin market. Still, a Robinhood spokesman claimed there are &#8220;no imminent plans&#8221; to create a stablecoin, even if<\/p>\n","protected":false},"author":6,"featured_media":7832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4397,2946,8808],"class_list":["post-30034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-revolut","tag-robinhood","tag-robinhood-stablecoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Robinhood and Revolut Eyes Possible Entry Into Stablecoin Market - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/robinhood-and-revolut-eyes-possible-entry-into-stablecoin-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Robinhood and Revolut Eyes Possible Entry Into Stablecoin Market - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Bloomberg reports that fintech behemoth Robinhood is considering a possible stablecoin. Following companies like PayPal, which unveiled a U.S. dollar-denominated token last summer, the launch would make it the newest traditional finance company to enter the profitable stablecoin market. Still, a Robinhood spokesman claimed there are &#8220;no imminent plans&#8221; to create a stablecoin, even if\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/robinhood-and-revolut-eyes-possible-entry-into-stablecoin-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-27T19:30:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-27T18:00:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Robinhood.png\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/robinhood-and-revolut-eyes-possible-entry-into-stablecoin-market\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/robinhood-and-revolut-eyes-possible-entry-into-stablecoin-market\/\",\"name\":\"Robinhood and Revolut Eyes Possible Entry Into Stablecoin Market - 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