Robinhood Markets, an US-based prominent trading platform, and Revolut, a UK banking entity, are considering offering their own stablecoins.

Robinhood and Revolut could “still opt not to proceed” from launching stablecoins, sources close to the companies, said.

Fintech giants Robinhood and Revolut are reportedly contemplating making their entry into the stablecoin market.

Revolut considers a stablecoin launch as it expands its crypto services, while Robinhood has no immediate plans in this area.

Robinhood Markets Inc. and Revolut Ltd., two prominent fintech companies, are exploring entering the stablecoin market alongside Ripple.

Fintech giants Robinhood and Revolut are eyeing the stablecoin market, as new regulations in Europe promise to deliver regulatory clarity and impact crypto-native companies’ market share. According to a Sept.

Robinhood Markets Inc. (NASDAQ:HOOD) and Revolut Ltd. are reportedly exploring the possibility of entering the $170 billion stablecoin market, which could challenge the

Robinhood and Revolut reportedly eye stablecoin launches as MiCA regulations may challenge Tether's market hold.

Companies from Robinhood Markets Inc. to Revolut Ltd. are considering launching stablecoins, betting that stricter regulations in Europe and elsewhere will finally loosen Tether Holdings Ltd.’s grip on the rapidly expanding $170 billion digital-asset sector.