In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Robinhood's Connect Allows Users To Access DeFi(Opens in a new browser tab)<\/a><\/p>\n\n\n\n In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite Bloomberg's report, neither Robinhood nor Revolut have confirmed their plans to issue stablecoins.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood's Connect Allows Users To Access DeFi(Opens in a new browser tab)<\/a><\/p>\n\n\n\n In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Tether\u2019s success has been driven by banking crises and increased regulatory scrutiny, resulting in the stablecoin issuer reporting $5.2 billion in profits for the first half of 2024. Tether\u2019s business model is now motivating more players to join the stablecoin market.<\/p>\n\n\n\n Despite Bloomberg's report, neither Robinhood nor Revolut have confirmed their plans to issue stablecoins.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood's Connect Allows Users To Access DeFi(Opens in a new browser tab)<\/a><\/p>\n\n\n\n In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
A report <\/a>from anonymous sources from Bloomberg suggests that both companies are looking to enter the expanding stablecoin market. This sector is currently dominated by Tether\u2019s USDT, which holds over 75% of the market after benefiting from the economic landscape and regulatory challenges in the U.S.<\/p>\n\n\n\n Tether\u2019s success has been driven by banking crises and increased regulatory scrutiny, resulting in the stablecoin issuer reporting $5.2 billion in profits for the first half of 2024. Tether\u2019s business model is now motivating more players to join the stablecoin market.<\/p>\n\n\n\n Despite Bloomberg's report, neither Robinhood nor Revolut have confirmed their plans to issue stablecoins.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood's Connect Allows Users To Access DeFi(Opens in a new browser tab)<\/a><\/p>\n\n\n\n In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Fintech companies Robinhood and Revolut are exploring the possibility of launching their own stablecoins. This move is influenced by rapid growth, spurred by European regulatory changes.<\/p>\n\n\n\n A report <\/a>from anonymous sources from Bloomberg suggests that both companies are looking to enter the expanding stablecoin market. This sector is currently dominated by Tether\u2019s USDT, which holds over 75% of the market after benefiting from the economic landscape and regulatory challenges in the U.S.<\/p>\n\n\n\n Tether\u2019s success has been driven by banking crises and increased regulatory scrutiny, resulting in the stablecoin issuer reporting $5.2 billion in profits for the first half of 2024. Tether\u2019s business model is now motivating more players to join the stablecoin market.<\/p>\n\n\n\n Despite Bloomberg's report, neither Robinhood nor Revolut have confirmed their plans to issue stablecoins.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood's Connect Allows Users To Access DeFi(Opens in a new browser tab)<\/a><\/p>\n\n\n\n In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18901,"post_author":"15","post_date":"2024-10-01 22:53:41","post_date_gmt":"2024-10-01 12:53:41","post_content":"\n Fintech companies Robinhood and Revolut are exploring the possibility of launching their own stablecoins. This move is influenced by rapid growth, spurred by European regulatory changes.<\/p>\n\n\n\n A report <\/a>from anonymous sources from Bloomberg suggests that both companies are looking to enter the expanding stablecoin market. This sector is currently dominated by Tether\u2019s USDT, which holds over 75% of the market after benefiting from the economic landscape and regulatory challenges in the U.S.<\/p>\n\n\n\n Tether\u2019s success has been driven by banking crises and increased regulatory scrutiny, resulting in the stablecoin issuer reporting $5.2 billion in profits for the first half of 2024. Tether\u2019s business model is now motivating more players to join the stablecoin market.<\/p>\n\n\n\n Despite Bloomberg's report, neither Robinhood nor Revolut have confirmed their plans to issue stablecoins.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood's Connect Allows Users To Access DeFi(Opens in a new browser tab)<\/a><\/p>\n\n\n\n In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18901,"post_author":"15","post_date":"2024-10-01 22:53:41","post_date_gmt":"2024-10-01 12:53:41","post_content":"\n Fintech companies Robinhood and Revolut are exploring the possibility of launching their own stablecoins. This move is influenced by rapid growth, spurred by European regulatory changes.<\/p>\n\n\n\n A report <\/a>from anonymous sources from Bloomberg suggests that both companies are looking to enter the expanding stablecoin market. This sector is currently dominated by Tether\u2019s USDT, which holds over 75% of the market after benefiting from the economic landscape and regulatory challenges in the U.S.<\/p>\n\n\n\n Tether\u2019s success has been driven by banking crises and increased regulatory scrutiny, resulting in the stablecoin issuer reporting $5.2 billion in profits for the first half of 2024. Tether\u2019s business model is now motivating more players to join the stablecoin market.<\/p>\n\n\n\n Despite Bloomberg's report, neither Robinhood nor Revolut have confirmed their plans to issue stablecoins.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood's Connect Allows Users To Access DeFi(Opens in a new browser tab)<\/a><\/p>\n\n\n\n In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18901,"post_author":"15","post_date":"2024-10-01 22:53:41","post_date_gmt":"2024-10-01 12:53:41","post_content":"\n Fintech companies Robinhood and Revolut are exploring the possibility of launching their own stablecoins. This move is influenced by rapid growth, spurred by European regulatory changes.<\/p>\n\n\n\n A report <\/a>from anonymous sources from Bloomberg suggests that both companies are looking to enter the expanding stablecoin market. This sector is currently dominated by Tether\u2019s USDT, which holds over 75% of the market after benefiting from the economic landscape and regulatory challenges in the U.S.<\/p>\n\n\n\n Tether\u2019s success has been driven by banking crises and increased regulatory scrutiny, resulting in the stablecoin issuer reporting $5.2 billion in profits for the first half of 2024. Tether\u2019s business model is now motivating more players to join the stablecoin market.<\/p>\n\n\n\n Despite Bloomberg's report, neither Robinhood nor Revolut have confirmed their plans to issue stablecoins.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood's Connect Allows Users To Access DeFi(Opens in a new browser tab)<\/a><\/p>\n\n\n\n In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18901,"post_author":"15","post_date":"2024-10-01 22:53:41","post_date_gmt":"2024-10-01 12:53:41","post_content":"\n Fintech companies Robinhood and Revolut are exploring the possibility of launching their own stablecoins. This move is influenced by rapid growth, spurred by European regulatory changes.<\/p>\n\n\n\n A report <\/a>from anonymous sources from Bloomberg suggests that both companies are looking to enter the expanding stablecoin market. This sector is currently dominated by Tether\u2019s USDT, which holds over 75% of the market after benefiting from the economic landscape and regulatory challenges in the U.S.<\/p>\n\n\n\n Tether\u2019s success has been driven by banking crises and increased regulatory scrutiny, resulting in the stablecoin issuer reporting $5.2 billion in profits for the first half of 2024. Tether\u2019s business model is now motivating more players to join the stablecoin market.<\/p>\n\n\n\n Despite Bloomberg's report, neither Robinhood nor Revolut have confirmed their plans to issue stablecoins.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood's Connect Allows Users To Access DeFi(Opens in a new browser tab)<\/a><\/p>\n\n\n\n In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18901,"post_author":"15","post_date":"2024-10-01 22:53:41","post_date_gmt":"2024-10-01 12:53:41","post_content":"\n Fintech companies Robinhood and Revolut are exploring the possibility of launching their own stablecoins. This move is influenced by rapid growth, spurred by European regulatory changes.<\/p>\n\n\n\n A report <\/a>from anonymous sources from Bloomberg suggests that both companies are looking to enter the expanding stablecoin market. This sector is currently dominated by Tether\u2019s USDT, which holds over 75% of the market after benefiting from the economic landscape and regulatory challenges in the U.S.<\/p>\n\n\n\n Tether\u2019s success has been driven by banking crises and increased regulatory scrutiny, resulting in the stablecoin issuer reporting $5.2 billion in profits for the first half of 2024. Tether\u2019s business model is now motivating more players to join the stablecoin market.<\/p>\n\n\n\n Despite Bloomberg's report, neither Robinhood nor Revolut have confirmed their plans to issue stablecoins.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood's Connect Allows Users To Access DeFi(Opens in a new browser tab)<\/a><\/p>\n\n\n\n In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18901,"post_author":"15","post_date":"2024-10-01 22:53:41","post_date_gmt":"2024-10-01 12:53:41","post_content":"\n Fintech companies Robinhood and Revolut are exploring the possibility of launching their own stablecoins. This move is influenced by rapid growth, spurred by European regulatory changes.<\/p>\n\n\n\n A report <\/a>from anonymous sources from Bloomberg suggests that both companies are looking to enter the expanding stablecoin market. This sector is currently dominated by Tether\u2019s USDT, which holds over 75% of the market after benefiting from the economic landscape and regulatory challenges in the U.S.<\/p>\n\n\n\n Tether\u2019s success has been driven by banking crises and increased regulatory scrutiny, resulting in the stablecoin issuer reporting $5.2 billion in profits for the first half of 2024. Tether\u2019s business model is now motivating more players to join the stablecoin market.<\/p>\n\n\n\n Despite Bloomberg's report, neither Robinhood nor Revolut have confirmed their plans to issue stablecoins.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood's Connect Allows Users To Access DeFi(Opens in a new browser tab)<\/a><\/p>\n\n\n\n In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to news site PYMNTS.<\/a> The EEA includes all EU members including Iceland, Liechtenstein, and Norway.<\/p>\n\n\n\n Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18901,"post_author":"15","post_date":"2024-10-01 22:53:41","post_date_gmt":"2024-10-01 12:53:41","post_content":"\n Fintech companies Robinhood and Revolut are exploring the possibility of launching their own stablecoins. This move is influenced by rapid growth, spurred by European regulatory changes.<\/p>\n\n\n\n A report <\/a>from anonymous sources from Bloomberg suggests that both companies are looking to enter the expanding stablecoin market. This sector is currently dominated by Tether\u2019s USDT, which holds over 75% of the market after benefiting from the economic landscape and regulatory challenges in the U.S.<\/p>\n\n\n\n Tether\u2019s success has been driven by banking crises and increased regulatory scrutiny, resulting in the stablecoin issuer reporting $5.2 billion in profits for the first half of 2024. Tether\u2019s business model is now motivating more players to join the stablecoin market.<\/p>\n\n\n\n Despite Bloomberg's report, neither Robinhood nor Revolut have confirmed their plans to issue stablecoins.<\/p>\n\n\n\n See Related: <\/em><\/strong>Robinhood's Connect Allows Users To Access DeFi(Opens in a new browser tab)<\/a><\/p>\n\n\n\n In August, PayPal launched <\/a>its U.S. dollar-backed stablecoin, PYUSD, on Ethereum. This stablecoin offers fast payments and conversions between digital and fiat currencies.<\/p>\n\n\n\n Earlier this month, Sui Network introduced <\/a>Circle\u2019s USDC stablecoin. It also launched the Cross-Chain Transfer Protocol (CCTP) to enhance liquidity and enable smoother cross-chain transfers. This marks Sui Network's first integration of Circle's technology.<\/p>\n\n\n\n In July, Tron founder Justin Sun announced <\/a>a gas-free stablecoin. This new stablecoin will support free peer-to-peer transfers on the Tron blockchain. There are plans for future compatibility with Ethereum.<\/p>\n","post_title":"Robinhood And Revolut Consider Entering Stablecoin Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"robinhood-and-revolut-consider-entering-stablecoin-market","to_ping":"","pinged":"","post_modified":"2024-10-01 22:55:20","post_modified_gmt":"2024-10-01 12:55:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18901","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to ... Fintech companies Robinhood and Revolut are exploring the possibility of launching their own stablecoins. This move is influenced by rapid ...
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Revolut
Revolut Expands Crypto Platform To 30 European Countries In Major Rollout
Robinhood And Revolut Consider Entering Stablecoin Market
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