Robinhood and Circle Partner to Let Exchange and Wallet Users Utilize the Stablecoin USDC

After Robinhood Markets launched the corporate’s beta Web3 pockets on Tuesday and listed the stablecoin usd coin on the change platform Robinhood Crypto final week, the corporate introduced a strategic partnership with Circle Financial. The deal revealed on Wednesday will present Robinhood Crypto and Robinhood Wallet customers with the power to buy and promote usd coin, and entry “unique in-app instructional modules to earn USDC rewards.”

Robinhood and Circle Partner to Offer USDC Accessibility

On Wednesday, Robinhood Markets (Nasdaq: HOOD) revealed an “Under the Hood” blog post that explains the California-based monetary companies firm has joined forces with Circle. Robinhood particulars that the stablecoin usd coin (USDC) is the “first stablecoin in the stores and promote on Robinhood Crypto and on the brand new Robinhood Wallet (presently in beta).”

“USDC will play a vital function in serving to our prospects get their {dollars} into Web3 by way of a trusted and clear supply,” Johann Kerbrat, the chief know-how officer and GM of Robinhood Crypto. “It’s a vital addition to our product to allow our prospects to expertise Web3 dapps and defi, with out exposing themselves to volatility inside the market,” Kerbrat added.

Duo Plans to Launch ‘Learn and Earn’ Programs That Rewards Customers in USDC

Kerbrat revealed the strategic partnership with Circle on the Converge22 occasion in San Francisco. Moreover, Circle announced the partnership with Robinhood as nicely on Wednesday, and Circle additional famous that the 2 companies would additionally provide “unique in-app instructional modules to earn USDC rewards.”

Jeremy Allaire, the co-founder and CEO of Circle mentioned Robinhood’s help “reinforces the function USDC performs in better funds and commerce use circumstances.” USDC can be out there to make use of and switch on the most recent Web3 Robinhood Wallet that launched in beta to 10K Robinhood prospects. As far as the academic modules, Robinhood detailed that it labored intently with Circle to create the “Learn and Earn” applications.

The “Learn and Earn” applications will likely be out there for all Robinhood Crypto prospects immediately inside the firm’s software. The instructional modules will “be rolling out broadly over the approaching months,” Robinhood’s announcement discloses. Meanwhile, Circle’s USDC is the second-largest stablecoin by market valuation with a $49.11 billion market cap on September 28.

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