Trading App Robinhood Markets Adds USDC to Its Crypto Lineup

Users will be able to transfer the stablecoin from the Polygon and Ethereum networks on Wednesday.

AccessTimeIconSep 20, 2022 at 7:04 p.m. UTC
Updated May 11, 2023 at 6:52 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Online broker Robinhood Markets (HOOD) added Circle’s USDC stablecoin to its crypto offerings for retail traders Tuesday.

The company added in a tweet the offering will also be available on Wednesday for transfer on Polygon and Ethereum networks.

“The inclusion of USDC on Robinhood is a clear signal that the platform is setting its sights abroad where the usage of stablecoins is more popular and useful for investors,” Bryan Hernandez, president and co-founder of decentralized-finance (DeFi) app Structure, told CoinDesk.

“Theoretically, the addition of USDC could allow Robinhood users to send payments for a wide variety of purposes, just as you’d imagine Venmo or PayPal doing so for their users,” he said.

Hernandez added that he sees more utility for global users because the domestic market already contains money transmitters.

“Because the U.S. market is saturated with well-established money transmitters, stablecoins are less necessary for the peer-to-peer transaction benefits international users would experience,” he said.

The move comes as other global crypto exchanges including Binance and WazirX have said they will delist USDC in support of other stablecoins.

Robinhood added Uniswap’s UNI token to its offerings in July.

On Tuesday, Johann Kerbrat, Robinhood's chief technology officer, said on Twitter that he will be elaborating on the addition of USDC and what may come next during the Converge22 conference in San Francisco next week.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Author placeholder image

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.