Robinhood CEO Vlad Teev said that the crypto-friendly environment that would take shape in the US would be a “getting started” for the company’s company because of the benefits that stabile and tokenization offer compared to the traditional financial system.
During an interview with Bloomberg TV, Teev praised the ‘innovation-friendly regime’, which would stimulate the traditional and crypto companies of Robinhood and other important areas of the trading platform.
He added:
“It is great to see an innovation -friendly see that comes in that the US should be number one in business and innovation. I think that will be good, not just for Robinhood, but for every industry in which we are active. “
24/7 Liquidity
Crypto trade became essential for Robinhood’s company, which represents $ 358 million on transactions -based incomeequal to 53% of the total.
With regard to this offer, Teev confirmed that a way to facilitate crypto-to-to-fiat in and off-disaster can be used by stablecoins, because it makes it possible to act without downtime.
Tenev said:
“Stablecoins solves that problem because it is a 24/7 network that is performed on software. I think that you just show one of the benefits of crypto technology compared to the traditional financial system. “
He added that this also translates into regular trade, liquidity pools and the trade of traditional illiquid private assets other than money transfers. Tenev also warned that Stablecoins should build up the proceeds to compete with other methods for keeping and transacting dollars.
Robinhood wants to introduce this idea to the Global Dollar Network, an open initiative anchored by the Global Dollar (USDG) that promotes the acceptance of the Stablecoin worldwide. He explained that cash in banks can build up a revenue of 4% in an environment with a high interest rate, which is not easy to experience with Stablecoins.
Trillion dollar market
Tenev spoke with investors on 12 February that tokenization excites him the most about crypto and underlying technology.
Tokenization is the process of displaying a real-world Activum on a blockchain, either in whole or in part. It improves liquidity with a market live without interruptions and speeds up settlement times.
When he was questioned in the short term about Robinhood’s plans for tokenization, Teev revealed his conviction that Tokenized private company shares best resonate with American investors.
He shared:
“I think it is ridiculous that customers are free, the retail trade is free, to invest in a wide collection of memecoins and other alternative assets, but OpenAI, SpaceX and other private companies that have seen early donors 100x, sometimes 1000x or more returns , are incredible and are seen as too risky. “
If the blockchain industry is given the clarity of the regulations, allowing the connection between crypto and effects, the addressable sector becomes a trillion dollar market consisting of any private and public listed equity.
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