Robinhood Crypto EU has added Circle’s USDC stablecoin, offering its 24 million users access to a regulated, dollar-backed asset.
Robinhood Crypto EU has broadened the selection of options available on its platform to include Circle’s USDC stablecoin for its European customers. Robinhood’s product portfolio in the crypto space is expanded by the integration, which enables users to access a regulated digital asset that is dollar-based.
USDC Stablecoin Introduced To European Users By Robinhood
As per a recent post on X, Robinhood Crypto EU has integrated Circle’s USDC into its platform, thereby allowing 24 million registered accounts to access the dollar-backed digital asset. This addition is consistent with the trading platform’s strategy of providing consumers with compliant options in the cryptocurrency sector.
Circle’s CEO, Jeremy Allaire, acknowledged the addition of USDC to Robinhood, asserting that the platform could further increase the use of stablecoins in Europe. In addition to USDC, Allaire underscored EURC, Circle’s euro stablecoin, as both assets are compliant with European regulations.
Circle’s CEO added,
“EURC is the largest Euro Stable, has grown fast this year, is taking advantage of clear and fair regulations in Europe (alongside USDC!) and is growing TX volume, onchain FX use, and more and more exchanges and wallets launching support.”
Robinhood is committed to expanding its cryptocurrency portfolio by providing support for more than 30 digital assets. The platform’s status as a premier crypto platform is further solidified by its provision of the most cost-effective trading options in European markets. USDC’s incorporation in its offerings shows a commitment to offering investors a wide variety of options.
The trading platform has recently expanded its list of supported cryptocurrencies to include Dogwifhat (WIF), a meme coin based on Solana. The listing of WIF resulted in a significant increase in trading volume and price, underscoring its impact on market trends in the crypto sector.
Parallel to these developments, Circle implemented the Cross-Chain Transfer Protocol (CCTP) and USDC stablecoin on the Aptos blockchain. This integration facilitates the native issuance of USDC on Aptos, thereby enhancing its network functionality. It also improves cross-chain interoperability and decreases reliance on bridged versions of the stablecoin.
The CCTP rollout enables the seamless transmission of data between Aptos and other blockchains, including Ethereum, Solana, and Base. The expansion of Circle’s applicability in decentralized finance is furthered by the move, which complements the company’s USDC strategy.
