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Retail stablecoin yield race

Robinhood and Coinbase are competing to offer retail investors high-yield stablecoin savings products, with Robinhood launching USDG at 7% APY.

3 entriesThu, Jul 2 – Sat, Jul 18Institutional Transition

Timeline

  1. Sat, Jul 18Latest

    Robinhood Launches USDG Stablecoin With 7% APY Yield Product

    Robinhood launched USDG, a named stablecoin product carrying a 7% annual percentage yield. The product competes directly with Coinbase's matching yield offering documented in the prior period, and Robinhood separately announced plans to offer crypto perpetual contracts targeting new DeFi users.

  2. Wed, Jul 15

    Coinbase and Robinhood Compete on 7% Stablecoin Yield Products

    Coinbase launched a stablecoin yield product matching Robinhood's 7% yield offering, using a different product design. The competing yield products add a consumer-facing competitive dimension to the broader stablecoin economics pressure documented by JPMorgan and Mizuho.

  3. Thu, Jul 2

    Robinhood Launches USDG Stablecoin Savings Product Powered by Spark

    Spark powered the launch of Robinhood's USDG stablecoin savings product, which offers users a yield-bearing stablecoin savings feature integrated within the Robinhood platform.