Robinhood has dismissed rumors that it plans to launch its own stablecoin, with the company's VP stating that there are no immediate plans in place. The speculation arose after a Bloomberg report suggested that both Robinhood and Revolut were considering entering the stablecoin market. While Revolut did not comment on the matter, a source familiar with the neobank revealed that the exploration of stablecoins is underway but no specific details or timeline have been established. The stablecoin market, currently dominated by Tether, would present a significant challenge for any newcomers. However, Robinhood has already listed Circle's USD Coin, while Revolut has expanded its crypto offerings. The entry of these companies into the stablecoin market appears to be on hold for now, as establishing a foothold in this space has proven difficult even for established giants.



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