Robinhood Needs a Deal Like Coinbase’s to Make ‘Stablecoins’ Work

Robinhood Markets

has struck a deal with Circle Internet Financial to make the group’s U.S. dollar stablecoin available on Robinhood’s retail-focused trading platform, marking the broker’s latest push into cryptocurrency amid a wider slowdown.

To really make money from stablecoins, though, Robinhood (ticker: HOOD) needs to look for the type of deal that Circle has with crypto-native rival

Coinbase Global