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After Robinhood Markets launched the company’s beta Web3 wallet connected Tuesday and listed the stablecoin usd coin connected the speech level Robinhood Crypto past week, the institution announced a strategical concern with Circle Financial. The woody revealed connected Wednesday volition supply Robinhood Crypto and Robinhood Wallet users with the quality to acquisition and merchantability usd coin, and entree “exclusive in-app acquisition modules to gain USDC rewards.”
Robinhood and Circle Partner to Offer USDC Accessibility
On Wednesday, Robinhood Markets (Nasdaq: HOOD) published an “Under the Hood” blog post that explains the California-based fiscal services institution has joined forces with Circle. Robinhood details that the stablecoin usd coin (USDC) is the “first stablecoin disposable to bargain and merchantability connected Robinhood Crypto and connected the caller Robinhood Wallet (currently successful beta).”
“USDC volition play a important relation successful helping our customers get their dollars into Web3 done a trusted and transparent source,” Johann Kerbrat, the main exertion serviceman and GM of Robinhood Crypto. “It’s a important summation to our merchandise to alteration our customers to acquisition Web3 dapps and defi, without exposing themselves to volatility wrong the market,” Kerbrat added.
Duo Plans to Launch ‘Learn and Earn’ Programs That Rewards Customers successful USDC
Kerbrat revealed the strategical concern with Circle astatine the Converge22 lawsuit successful San Francisco. Moreover, Circle announced the concern with Robinhood arsenic good connected Wednesday, and Circle further noted that the 2 businesses would besides connection “exclusive in-app acquisition modules to gain USDC rewards.”
Jeremy Allaire, the co-founder and CEO of Circle said Robinhood’s enactment “reinforces the relation USDC plays successful greater payments and commerce usage cases.” USDC is besides disposable to usage and transportation connected the latest Web3 Robinhood Wallet that launched successful beta to 10K Robinhood customers. As acold arsenic the acquisition modules, Robinhood elaborate that it worked intimately with Circle to make the “Learn and Earn” programs.
The “Learn and Earn” programs volition beryllium disposable for each Robinhood Crypto customers straight wrong the company’s application. The acquisition modules volition “be rolling retired broadly implicit the coming months,” Robinhood’s announcement discloses. Meanwhile, Circle’s USDC is the second-largest stablecoin by marketplace valuation with a $49.11 cardinal marketplace headdress connected September 28.
What bash you deliberation astir Circle and Robinhood Markets partnering connected Wednesday? Let america cognize what you deliberation astir this taxable successful the comments conception below.
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