Robinhood adds USDC as its first stablecoin

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Last Updated on September 21, 2022 by Bitfinsider

The news came straight from the horse’s mouth, as Robinhood’s Twitter shared the news this morning. The token is Robinhood’s 17th supported cryptocurrency and the third largest in market cap, trailing only Bitcoin and Ethereum. It’s the most recent token addition since Cardano (ADA) was added at the beginning of the month. Robinhood’s list of crypto tokens is growing, with the addition of Polygon in recent weeks.

Furthermore, the move demonstrates more bolstering growth for Circle’s USDC, which has surpassed Tether’s USDT as the dominant stablecoin. Tether’s account management is less transparent and straightforward than USDCs, according to the narrative.

Image from TradingView

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