American broker Robinhood is reportedly considering launching stablecoins to challenge Tether's dominance in the market. While the company has no immediate plans to launch this offering, it is an area of interest for Robinhood. The move comes as the rollout of the Markets in Crypto-Assets Regulation (MiCA) in the European Union has led to restrictions on stablecoin circulation, creating a gap in the market. Stablecoins are decentralized digital currencies pegged to mainstream assets or currencies, providing stability. Tether currently dominates the stablecoin market, but its dominance is waning as other stablecoins gain traction. Revolut is also rumored to be entering the stablecoin market.



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