“The inclusion of USDC on Robinhood is a clear signal that the platform is setting its sights abroad where the usage of stablecoins is more popular and useful for investors,” Bryan Hernandez, president and co-founder of decentralized-finance (DeFi) app Structure, told CoinDesk.
“Theoretically, the addition of USDC could allow Robinhood users to send payments for a wide variety of purposes, just as you’d imagine Venmo or PayPal doing so for their users,” he said.
“Because the U.S. market is saturated with well-established money transmitters, stablecoins are less necessary for the peer-to-peer transaction benefits international users would experience,” he said.
On Tuesday, Johann Kerbrat, Robinhood's chief technology officer, said on Twitter that he will be elaborating on the addition of USDC and what may come next during the Converge22 conference in San Francisco next week.
Sign up for Market Wrap, our daily newsletter explaining what happened today in crypto markets – and why.
By...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...