{"id":333,"date":"2024-09-26T20:31:36","date_gmt":"2024-09-26T20:31:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=333"},"modified":"2024-09-26T20:31:36","modified_gmt":"2024-09-26T20:31:36","slug":"robinhood-revolut-reportedly-looking-to-rival-tether-with-stablecoin-launches","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=333","title":{"rendered":"Robinhood, Revolut Reportedly Looking To Rival Tether With Stablecoin Launches"},"content":{"rendered":"<div>\n<p><strong>Robinhood Markets Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/HOOD#NASDAQ\">HOOD<\/a>) and <strong>Revolut Ltd.<\/strong> are reportedly exploring the possibility of entering the $170 billion stablecoin market, which could challenge the <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/41049052\/tether-ceo-paolo-ardoino-discusses-launch-of-dirham-pegged-stablecoin-new-tokenization-pla\">dominance of incumbent<\/a> <strong>Tether<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDT<\/a>).<\/p>\n<p><strong>What Happened: <\/strong>Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-26\/robinhood-revolut-explore-entering-the-burgeoning-stablecoin-sector?sref=TBDibEcD\">cites <\/a>sources familiar with the matter that both Robinhood and Revolut are looking into launching their own stablecoins, although they may ultimately decide against it.<\/p>\n<p>The stablecoin market is currently dominated by Tether\u2019s USDT<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">, which has a circulation of almost $120 b<\/span>illion, ahead of\u00a0Circle\u2019s (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDC<\/a>), which has a valuation of $36 billion. To diversify, Tether is branching out to other markets, having recently launched a <a ...><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/41056086\/robinhood-revolut-reportedly-looking-to-rival-tether-with-stablecoin-launches\" alt=\"Robinhood,\" revolut reportedly looking to rival tether with stablecoin launches>Full story available on Benzinga.com<\/a><\/p>\n<p><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Robinhood Markets Inc. (NASDAQ:HOOD) and Revolut Ltd. are reportedly exploring the possibility of entering the $170 billion stablecoin market, which could challenge the dominance of incumbent Tether (CRYPTO: USDT). What Happened: Bloomberg cites sources familiar with the matter that both Robinhood and Revolut are looking into launching their own stablecoins, although they may ultimately decide [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-333","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=333"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/333\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}