Robinhood executives: working with Paxos to create an open network for stablecoins

Johann Kerbrat, the General Manager of Robinhood Crypto, revealed that the company is partnering with Paxos to create an open network for stablecoins, emphasizing that stablecoins can bring significant value to their platform. Currently, many companies are exploring the stablecoin market, such as Visa launching a tokenized asset platform that allows banks to issue stablecoins, fintech company Revolut also exploring the possibility of launching stablecoins, and Stripe acquiring a fintech platform specializing in stablecoin transactions called Bridge.