Robinhood Publicly USDC Stablecoins Available On Its Platform

USDC stablecoins are starting to trade on Robinhood. (Photo; Doc. Defitimes)

JAKARTA USDC trading has been removed from the world's largest crypto exchange platform, Binance, now the stablecoin has caught fresh air after the Robinhood crypto exchange opened a USDC trading. The information was announced directly by Robinhood in its official blog post.

In Robinhood's official blog announcement on Wednesday, September 28, the crypto exchange explained that it had joined the Circle. Robinhood explained that USDC became the first stakelcoin to be traded on its platform.

USDC will play an important role in helping our customers put their dollars into Web3 through trusted and transparent sources, said Robinhood, Johann Kerbrat. This is an important addition to our product to allowing our customers to experience Web3, Dapps and defi, without exposing themselves to volatility in the market, Kerbrat added.

Robinhood and Circle Launching the Learn and Earn Program

As reported by Bitcoin.com News, Kerbrat revealed a strategic partnership with Circle at the Converge22 event in San Francisco. In addition, Circle also announced a partnership with Robinhood on Wednesday, and Circle further noted that both businesses will also offer adulted education in exclusive apps for USDC prizes.

Jeremy Allaire, co-founder and CEO of Circle said that Robinhood support strengthens the role USDC plays in larger payments and trade use cases. USDC is also available for use and transferred to the latest Robinhood Wallet Web3 launched in beta for 10 thousand Robinhood customers. As far as the education module, Robinhood detailed that it is working with Circle to create a "Learn and Earn" program.

The program will be available to all live Robinhood Crypto subscribers within the company's app. The education module will be "disbursed widely over the coming months," according to an announcement from Robinhood. Meanwhile, the USDC Circle is the second largest stablecoin based on market valuation with a market cap of $49.11 billion on September 28, according to data from CoinMarketCap.