Robinhood rolls out public blockchain as it expands deeper into crypto
Robinhood’s product push continues to blur the line between crypto and more traditional finance.
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Summary
- Robinhood launched the public mainnet for its Layer 2 blockchain, Robinhood Chain, bringing tokenized stock trading live in more than 120 countries and introducing Robinhood Earn, a decentralized lending product offering an estimated 7% yield on USDG.
- The launch comes as Robinhood expands beyond its brokerage roots into crypto, tokenized assets and AI-powered trading, underscoring how the line between traditional finance and blockchain-based finance continues to blur.
