Coinbase, Robinhood and Circle expand into stablecoins, payments and prediction markets

Crypto companies Coinbase, Robinhood and Circle are expanding their businesses into stablecoinsСтейблкоинA stablecoin is a crypto asset whose price is pegged to a fiat currency (most often the US dollar) and maintained by reserves or an algorithm., payments and prediction marketsРынок прогнозовA prediction market is a trading platform where participants buy and sell contracts on the outcome of a future event. The contract price reflects the estimated probability of that outcome., according to CoinDesk, which covers the new growth directions in the industry. The outlet says the latest quarterly reports from these companies show that moving away from crypto's cyclical nature remains difficult.

What the source covers

The full text of the article was not available to us, so this report relies only on the summary. It points to a shift in focus across three areas: stablecoins, payment products and prediction markets. Specific revenue figures, product launch timelines and reporting details are not given in the summary and should be checked in the original article.