CandleFocus Revolut explores stablecoin launch while Robinhood rules out immediate plans
2024-09-26
Author: Content Editor
Revolut, a fintech firm, is reportedly considering launching its own stablecoin as part of its cryptocurrency product suite. While the company has not made a final decision, it is evaluating its options. This comes at a time when the stablecoin market, dominated by Tether's USDT, is facing increased regulatory scrutiny in the European Union. The EU's forthcoming Markets in Crypto-Assets (MiCA) regulation is expected to reshape the stablecoin landscape, and Revolut's potential entry could challenge Tether's dominance. Despite rumors, Robinhood clarified that it has no immediate plans to release a stablecoin. The profitability of stablecoin issuance has caught the attention of major fintech players, with Tether reporting significant earnings.
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