Buying and selling App Big Robinhood Provides Stablecoin US Greenback Coin (USDC) to Listing – The Every day Hodl

Retail giant Robinhood just added top stablecoin USD Coin (USDC) to its list of supported digital assets as the platform sees reduced trading activity due to the crypto winter.

In a new announcement via Twitter, the company says that the second-largest dollar-pegged stablecoin will now join its trading list effective September 21.

Per the announcement, USDC will be portable to both Ethereum (ETH) and Polygon (MATIC) networks.

#USDC is now on Robinhood @circlepay #StableCoin #CryptoListinghttps://t.co/OL7fXLffHW pic.twitter.com/EUNLPpvGUu

— Robinhood (@RobinhoodApp) September 20, 2022

The company also recently launched Ethereum rival Avalanche (AVAX) and Cardano (ADA) as well as XRP challenger Stellar (XLM) to his platform.

Robinhood introduces support for new assets, it admits battle because of the current market weakness.

In early August, the company laid off 23% of its workforce amid declining customer activity. Robinhood CEO Vlad Tenev argued that the company hired more staff than it currently needs.

“We have seen an additional deterioration in the macro environment, with inflation hitting 40-year highs accompanied by a broad crypto market crash. This has further reduced client trading activity and assets under custody.”

Despite the downturn, Robinhood is seeing a positive response to its multichain no-custody crypto wallet, which the company says has put more than 1 million people on the waiting list just two months after it opened.

Don’t miss a thing – Sign up to receive crypto email alerts straight to your inbox

Check the price action

Follow us on Twitter, Facebook and Telegram

Surf the Daily Hodl Mix

Check the latest headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shuterstock/Terablete/Skorzewiak


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Stellar

Prime DeFi Funding Rounds in LatAm – 2022 – LatamList

Interest in crypto and DeFi has exploded in Latin America over the past year....

By Roger Gofman
13 Finest Cryptos Beneath $1 to Purchase in 2022 – Cryptonews Stellar

13 Finest Cryptos Beneath $1 to Purchase in 2022 – Cryptonews

Disclaimer: The Industry Talk section features insights by crypto industry players and is not...

By Roger Gofman
Is Chiliz Coin a superb funding?  – www.crowdwisdom.dwell Stellar

Is Chiliz Coin a superb funding? – www.crowdwisdom.dwell

Is Chiliz Coin a good investment: Read our analysis on whether Chiliz is a...

By Roger Gofman
Massive Eyes Coin: A Combination of Dogecoin and Stellar DeFi Options – Coinpedia Fintech Information Stellar

Massive Eyes Coin: A Combination of Dogecoin and Stellar DeFi Options – Coinpedia Fintech Information

TThousands of cryptocurrency projects are active today, but few prioritize the well-being of users...

By Roger Gofman
Regardless of Gloomy Market Circumstances, XRP Continues to Acquire Momentum – Ripple Coin Information Stellar

Regardless of Gloomy Market Circumstances, XRP Continues to Acquire Momentum – Ripple Coin Information

With bitcoin trading around $19,000, the market is looking grim. However, Ripple's native XRP...

By Roger Gofman
These 4 cryptos can witness a breakout rally: Santiment – Watcher Guru Stellar

These 4 cryptos can witness a breakout rally: Santiment – Watcher Guru

Analytics and on-chain metrics company Santiment has forecast that 4 leading cryptos could see...

By Roger Gofman
WEF Launches Crypto Sustainability Coalition to Use Web3 Applied sciences in Combat In opposition to Local weather Change – Blockchain Bitcoin Information – Bitcoin Information Stellar

WEF Launches Crypto Sustainability Coalition to Use Web3 Applied sciences in Combat In opposition to Local weather Change – Blockchain Bitcoin Information – Bitcoin Information

The World Economic Forum (WEF) created the Crypto Sustainability Coalition, an initiative dedicated to...

By Roger Gofman
Stellar (XLM) Worth Prediction 2025-30: A 3-digit goal for XLM in 8 years? – AMBCrypto Information Stellar

Stellar (XLM) Worth Prediction 2025-30: A 3-digit goal for XLM in 8 years? – AMBCrypto Information

Disclaimer: The datasets shared in the following article have been compiled from a set...

By Roger Gofman

Latest Posts

Dot sample [DOT] could possibly be on a brief bullish dash thanks to those developments – AMBCrypto Information Polkadot

Dot sample [DOT] could possibly be on a brief bullish dash thanks to those developments – AMBCrypto Information

Dot pattern [DOT] and Cardano [ADA] Blockchains are known for their intense developer activity...

By Roger Gofman
Stellar

Prime DeFi Funding Rounds in LatAm – 2022 – LatamList

Interest in crypto and DeFi has exploded in Latin America over the past year....

By Roger Gofman
CryptoSlate Wrapped Day by day: Binance Targets Cyber ​​Monetary Crimes;  CEL tanks after Alex Mashinsky resigns from Celsius – CryptoSlate Binance

CryptoSlate Wrapped Day by day: Binance Targets Cyber ​​Monetary Crimes; CEL tanks after Alex Mashinsky resigns from Celsius – CryptoSlate

Some of the biggest news in the cryptosphere for September 27 include Binance's new...

By Roger Gofman
Ethereum

ÐΞVcon-0 Recap

Day 1 - Monday 24th Nov - ÐΞV: Mission and Processes The first day...

By Roger Gofman
ITS HAPPENING AGAIN (Historical past Repeating)!! Ethereum Worth Prediction, Bitcoin Information In the present day (BTC & ETH) Videos

ITS HAPPENING AGAIN (Historical past Repeating)!! Ethereum Worth Prediction, Bitcoin Information In the present day (BTC & ETH)

ITS HAPPENING AGAIN (History Repeating)!! Ethereum Price Prediction, Bitcoin News Today (BTC & ETH)...

By Roger Gofman
Rocketize Token, Child DogeCoin and Shiba Predator: These meme cash will show you how to keep away from the unfavorable results of the bear market – NewsWatch Dogecoin

Rocketize Token, Child DogeCoin and Shiba Predator: These meme cash will show you how to keep away from the unfavorable results of the bear market – NewsWatch

It is possible to see an upward trend in transaction volume with the new...

By Roger Gofman
Cardano (ADA) is listed by the Swiss Crypto Asset Administration Service – U.At this time Cardano

Cardano (ADA) is listed by the Swiss Crypto Asset Administration Service – U.At this time

Alex Dovbnya A Swiss crypto wealth management app has added support for the Cardano...

By Roger Gofman
Astar Community’s Web3 Advert Showcases 329 Prime Manufacturers in Japan – FinanceFeeds Polkadot

Astar Community’s Web3 Advert Showcases 329 Prime Manufacturers in Japan – FinanceFeeds

Blockchain innovation hub Astar Network is making strides in driving Web3 adoption around the...

By Roger Gofman