Robinhood Launches USDG Stablecoin in EU Under MiCA Regulation

Robinhood, in partnership with Mastercard, has announced the launch of its stablecoin, USDG, in the European Union. This development follows the approval of USDG under the new Markets in Crypto-Assets (MiCA) regulation, which prohibits popular alternatives like Tether in the EU. Paxos, the issuer of USDG, has ensured that the stablecoin adheres to stringent EU regulations, with reserves held in European banks and full dollar backing.

The rollout of USDG in the EU is part of Robinhood's broader strategy to expand its crypto offerings and make investing more accessible. The company has introduced a range of new products, including tokenized stock trading for European users. These stock tokens, issued on the Arbitrum blockchain, enable eligible customers to gain exposure to US equities with zero commissions or added spreads from Robinhood, dividend support, and 24/5 access. European customers will have access to over 200 US stock and ETF tokens, with dividend payments received directly in their app.

Robinhood's expansion into the EU market extends beyond stablecoins and stock tokens. The company is also introducing crypto perpetual futures in the EU, providing eligible customers with access to a new class of derivatives featuring continuous exposure and up to 3x leverage. This launch aims to cater to active traders globally with advanced trading tools on an intuitive platform.

In addition to these developments, Robinhood is launching crypto staking for eligible US customers, starting with Ethereum and Solana. The company's user-friendly interface allows customers to participate in blockchain ecosystems and access competitive reward rates by contributing to network operations. Crypto staking is also available to all Robinhood customers in the EU and EEA.

Robinhood's entry into the EU market signifies a major advancement for the company as it strives to simplify, enhance, and broaden access to investing worldwide. The launch of USDG, tokenized stock trading, and crypto perpetual futures underscores Robinhood's dedication to innovation and its vision for a future where crypto serves as the foundation of the global financial system.