Following last week’s USD Coin (USDC) listing, Robinhood announces a new partnership with Circle that will allow customers to buy and sell USDC on Robinhood, access exclusive in-app educational modules, earn rewards, improve settlement efficiency, and more. The deal also allows customers to easily transfer and use USDC on the new Robinhood Wallet (currently in beta).

“Circle’s mission to raise global economic prosperity aligns very closely with our efforts to provide greater access to the financial markets and democratize finance for all,” said Johann Kerbrat, Chief Technology Officer and GM of Robinhood Crypto. “USDC will play a crucial role in helping our customers get their dollars into web3 through a trusted and transparent source. It’s a crucial addition to our product to enable our customers to experience web3 dapps and defi, without exposing themselves to volatility within the market.”

The addition of USDC last week brings the total number of assets available to buy and sell through Robinhood Crypto to 17, and is the first stablecoin listed on the app. Robinhood supports withdrawals of USDC on ethereum and polygon, and is now also available to use & transfer on the Robinhood Wallet, which launched in beta to 10,000 iOS customers on the waitlist earlier this week.

As stablecoins become increasingly important to make payments and serve as trading pairs for core crypto assets, USDC provides a safe and flexible solution for Robinhood Crypto customers.

As part of the deal, Robinhood will leverage Circle’s payment infrastructure in order to make settlements more efficient across Robinhood and between its counterparties, which will greatly improve the flow of money in the 24/7 crypto market. This work will begin immediately and become fully integrated in early 2023.

USDC is available today on Robinhood and is seamlessly integrated for those using the Robinhood Wallet beta.