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Robinhood Markets mulls potential launch of its own stablecoin - report (NASDAQ:HOOD)

Summary by Seeking Alpha
Robinhood is considering launching its own stablecoin to compete with Tether, potentially weakening Tether's dominance in the stablecoin market.

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Robinhood Markets mulls potential launch of its own stablecoin - report (NASDAQ:HOOD)

Robinhood is considering launching its own stablecoin to compete with Tether, potentially weakening Tether's dominance in the stablecoin market.

·United States
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Finance Magnates | Financial and business newsFinance Magnates | Financial and business news

Robinhood Plans to Enter the Stablecoin Market: Can It Challenge Tether?

After Revolut, American zero-commission broker Robinhood is now considering launching stablecoins, Bloomberg reported. However, a Robinhood spokesperson said the company has “no imminent plans to launch this offering” without dismissing the report.Robinhood’s Crypto BetAlthough it started as a disruptor in the American stock brokerage market, Robinhood expanded its offerings to crypto and now generates a significant portion of its revenue from s…

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coinstats.appcoinstats.app

CoinStats - Robinhood Explores Potential USDC Stablecoin ...

The fintech industry is witnessing a significant shift as traditional finance firms consider entering the stablecoin market. Following in the footsteps of PayPal, Robinhood and Revolut are exploring similar ventures, […]

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Latin TimesLatin Times

Will Tether Finally Meet Its Rival? Robinhood Reportedly Explores Stablecoin Offering

Robinhood, a fintech giant that has a crypto arm, is reportedly looking at possibly issuing its own stablecoin. If true, Tether may find itself in an arms race toward dominance against a fintech titan that's established itself in the financial realm for over a decade.

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CRYPTO CRYPTO NEWSCRYPTO CRYPTO NEWS

Robinhood And Revolut Consider Entering The $170 Million Stablecoin Market

According to a Bloomberg report, crypto trading platform Robinhood and financial technology company Revolut are exploring the launch of their own stablecoins. The potential move from Robinhood and Revolut comes amid growing pressure from regulators in Europe, which could loosen the dominance of Tether, the largest stablecoin issuer in the market. Tether And Circle Prepare For Regulatory Changes Various startups have attempted to challenge Tether…

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FinanceFeedsFinanceFeeds

Robinhood, Revolut To Challenge Tether Dominance In Stablecoin Market - FinanceFeeds

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. Stablecoins have seen Tether’s USDT grow to almost $120 billion in circulation, accounting for over two-thirds of the market. Despite numerous attempts …

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