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Robinhood and Revolut Neither Confirm Nor Deny Report of Stablecoins

  • 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.

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