Robinhood Crypto EU Adds USDC, Expands to 24 Million Users
Robinhood Crypto EU has added Circle’s USDC stablecoin to its platform, giving its 24 million users access to a regulated, dollar-backed digital asset.
This is part of Robinhood’s plan to expand its cryptocurrency offerings and provide compliant options for investors in the evolving digital finance space.
USDC is a stablecoin pegged to the US dollar and backed by reserves. Circle’s CEO Jeremy Allaire said of the addition of USDC to Robinhood Crypto EU: “Europe has a clear and supportive regulatory framework for digital assets and we’re excited to bring USDC to the market. And of course EURC, our euro-backed stablecoin, is also gaining traction in Europe.”
USDC fits with Robinhood’s goal of offering a broad range of crypto assets while keeping trading simple and low cost.
Expanding Services Across Europe
Robinhood now supports over 30 crypto assets, making it one of the top platforms in Europe. Low cost and transparent fees have made it more popular with crypto users.
In addition to USDC, Robinhood recently listed Dogwifhat (WIF), a Solana-based meme coin. The listing caused a big price move and trading volume for WIF, showing Robinhood’s impact on the market. This is Robinhood expanding across Europe and responding to the crypto trends.
This is Robinhood providing both mainstream and niche crypto to its users and a dynamic and inclusive trading environment.
Circle’s Broader Push: CCTP on Aptos Blockchain
Circle, the issuer of USDC, is also moving forward. They recently launched the Cross-Chain Transfer Protocol (CCTP) on the Aptos blockchain. This allows for native USDC issuance on Aptos, and interoperability with Ethereum, Solana and Base.
CCTP reduces the need for bridged USDC and enables seamless transfers across chains and on-chain liquidity and DeFi functionality. Circle’s integration with Aptos is part of their broader strategy to make USDC more useful and adopted across the global DeFi ecosystem.
Key Insights:
USDC Addition: Robinhood EU offers regulated, dollar-backed USDC to 24 million users.
Portfolio Expansion: Supports 30+ cryptocurrencies, including new meme coins like WIF.
Circle’s Innovations: CCTP enhances USDC’s cross-chain functionality on Aptos.
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