PANews reported on January 5 that according to Bitcoinist, Robinhood Crypto General Manager Johann Kerbrat revealed that the company is working with Paxos to create an open network for stablecoins, and emphasized that stablecoins can bring significant value to their platform.

It is reported that many companies are currently exploring the stablecoin market. For example, Visa has launched a tokenized asset platform to allow banks to issue stablecoins. Fintech company Revolut is also exploring the possibility of launching stablecoins. Stripe has acquired Bridge, a fintech platform specializing in stablecoin transactions.