Robinhood executives: working with Paxos to create an open network for stablecoins

In the United States, several companies are entering the stablecoin space. For example, Visa launched a tokenized asset platform that allows banks to issue stablecoins. Johann Kerbrat, general manager of Robinhood Crypto, revealed that the company is working with Paxos to create an open network for stablecoins, emphasizing that stablecoins can bring significant value to its platform. Fintech company Revolut is exploring the possibility of launching its own stablecoin, while Stripe has acquired Bridge, a fintech platform specializing in stablecoin transactions. Augustus Ilag, investment partner at CMT Digital, said: "Stablecoin issuance is an attractive business model today." Rob Hadick, general partner at digital asset venture capital firm Dragonfly, emphasized that there is a growing demand for stablecoins from large companies operating in the underserved payment field. The success of companies such as Circle and Tether has prompted many companies to consider launching their own stablecoins to provide new sources of revenue and ways to diversify their products. (Bitcoinist)