Robinhood and Revolut consider entering stablecoin market

Major stock and cryptocurrency exchange Robinhood and neobank Revolut are considering entering the stablecoin market.

According to a Sept. 26 Bloomberg report, Robinhood and Revolut expect increasingly strict regulations to loosen Tether’s chokehold on the stablecoin market. Anonymous people with knowledge of the matter reportedly said that both companies are considering launching their stablecoins but may still decide not to proceed.

Tether’s dominance

Tether has dominated...