ALT Coins

The First Stablecoin Added to Robinhood is USDC


Robinhood has formally listed USDC as a buying and selling forex on its platform, in accordance with the company’s Twitter. The online brokerage platform has currently commenced adding extra cryptocurrencies to its buying and selling platform, and USDC is the latest.

Robinhood permits customers to buy, sell, and alternate cryptocurrencies and stocks. In addition to the brand new crypto coins, they are now searching for stablecoins, such as USDC to add to the buying and selling exchange. Stablecoins are crypto tokens that are pegged to a positive fiat currency, or to treasured or uncommon metal.

Robinhood now helps 17 cryptocurrencies, and that is in all likelihood to increase extra in the close to future. The USDC market cap at the time of writing sits at $50,149,768,741 and buying and selling extent quantities to $4,783,327,515, according to CoinMarketCap.

Source: Unsplash

The USD coin is utterly backed with the aid of US bucks or US greenback equivalents and is the first Stablecoin listed on Robinhood. Indian crypto trade WazirX lately introduced that it will be disposing of USDC amongst different stablecoins over the subsequent two weeks.

Robinhood has but to announce a graph for Stablecoins. It is additionally unknown if they will add any greater to their trade in the close to future. The website is probably drawing close including cash with caution, due to the cutting-edge market.

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