Robinhood Crypto EU has expanded the choices out there on its platform, now together with Circle’s USDC stablecoin to its European prospects. The combination permits customers to entry a regulated digital asset that’s dollar-based, increasing Robinhood’s product portfolio within the crypto house.
Robinhood Introduces USDC Stablecoin To European Customers
Based on a current put up on X, Robinhood Crypto EU has included Circle’s USDC into its platform, enabling 24 million registered accounts to entry the dollar-backed digital asset. This addition aligns with the buying and selling platform’s technique of providing customers compliant choices within the cryptocurrency house.
Circle’s CEO, Jeremy Allaire, acknowledged USDC approaching Robinhood stating that the platform may additional enhance the usage of stablecoins in Europe. Beside USDC, Allaire emphasised on EURC, the euro stablecoin of Circle, as each property function throughout the framework of European rules.
Circle’s CEO added,
“EURC is the most important Euro Secure, has grown quick this yr, is making the most of clear and honest rules in Europe (alongside USDC!) and is rising TX quantity, onchain FX use, and an increasing number of exchanges and wallets launching assist.”
Crypto Companies Throughout European Markets
Robinhood continues to broaden its cryptocurrency portfolio, providing assist for over 30 digital property. The platform supplies the lowest-cost buying and selling throughout European markets, additional cementing its place as a number one crypto platform. The inclusion of USDC in its choices demonstrates dedication to offering traders with a various vary of choices.
Just lately, the buying and selling platform added Dogwifhat (WIF), a Solana-based meme coin, to its checklist of supported cryptocurrencies. The itemizing triggered a surge in WIF value and buying and selling quantity, highlighting its affect on market developments throughout the crypto sector.
In parallel developments, Circle launched USDC stablecoin and Cross-Chain Switch Protocol (CCTP) on the Aptos blockchain. This integration allows the native issuance of USDC on Aptos, enhancing its performance throughout the community. It additionally enhances cross-chain interoperability and reduces dependence on bridged variations of the stablecoin.
The CCTP rollout facilitates seamless transfers between Aptos and different blockchains, comparable to Ethereum, Solana, and Base. The transfer enhances Circle’s USDC technique, additional increasing its usability in decentralized finance.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with 4 years {of professional} expertise, having contributed considerably to varied media shops on cryptocurrency developments and applied sciences. With over 4000 printed articles throughout varied media shops, he goals to tell, educate and introduce extra individuals to the Blockchain and DeFi world. Exterior of his journalism profession, Ronny enjoys the joys of motorbike using, exploring new trails and landscapes.
Disclaimer: The offered content material might embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty to your private monetary loss.
