Robinhood taps Ripple’s $2.5 billion RLUSD stablecoin despite backing rival USDG
Summary
Online brokerage Robinhood plans to add Ripple's stablecoin to its trading platform later this year. This decision comes despite the company's previous involvement in the launch of a competing digital token.
Robinhood helped launch a rival dollar-backed token, USDG, but will also offer Ripple's stablecoin to retail customers later this year.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.