Robinhood and Revolut were reportedly noncommittal when asked about a media report that they are considering launching stablecoins.
A Robinhood spokesperson stated that the company has no imminent plans to launch this offering, while a Revolut spokesperson mentioned the company's plan to further grow its suite of crypto products without confirming the stablecoin news.
Unnamed sources revealed that Robinhood and Revolut are considering issuing their own stablecoins, but may choose not to do so.
These companies are exploring stablecoin options due to expectations of regulatory changes in Europe and elsewhere expanding opportunities in the digital asset sector.