Robinhood Users Can Now Earn Yield on USDC, USDT, and ETH Deposits
Hayden Adams, CEO of Robinhood, has announced that users can now deposit USDC, USDT, or ETH to earn yield directly through the web app and wallet.
This update provides additional flexibility for users seeking to generate returns on their digital assets in a streamlined platform.
The development comes as Uniswap continues to grow, with Adams reporting that the Robinhood chain reached $500 million in 24-hour Uniswap volume, ranking second to Ethereum mainnet.
Uniswap is also generating significant revenue, with daily fees reaching $5.2 million, making it one of the top protocols after USDC and USDT.