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Voyager Digital Will Allow Users to Purchase Traditional Stocks with Stablecoin, USD Coin

Amidst the increasing use cases and acceptance of cryptocurrencies by several companies globally, Voyager Digital has announced its plans to allow customers to buy stocks with the USDC stablecoin.

Voyager Partners with Market Rebellion

Voyager Digital is a cryptocurrency retail firm listed on the Toronto Stock Exchange (TSE) with approximately $5 billion in assets under management (AUM). Voyager offers crypto trading, staking, and yield products.

The cryptocurrency firm announced its plans to release a feature in 2022 that will allow its users to purchase traditional stocks using the stablecoin issued by Circle, the USD Coin (USDC).

According to the report, the new feature to be launched by Voyager comes as part of a joint venture formed between the cryptocurrency platform and Market Rebellion – a trading and investment platform.

Partnering with the trading and investment firm, Voyager plans to operate a regulated broker-dealer to offer these services. On the development, Steve Ehrlich, the founder, and CEO of Voyager Digital commented;

“Incorporating stock trading, especially basing it on digital dollars, is a natural extension of what we’re doing, of our value proposition and what consumers are going to want in the near future.”

In addition to accepting USDC, Voyager also plans to offer commission-free equity trades to users. According to the CEO, this will be available in the year’s second half.

On the Flipside

  • Voyager Digital has partnered with Mastercard Inc, and Metropolitan Commercial Bank to launch a crypto-based debit Mastercard over the next eight weeks. 

Why You Should Care

The new moves from Voyager Digital conform to the efforts of crypto platforms in expanding their business to appeal to greater audiences.

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    This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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    Author

    Milko Trajcevski has been in the crypto world for years, and as such has gathered both a skill for writing as well as a native prowess when it comes to understanding everything that occurs within that world. Through skilled writing and determination, he covers articles about cryptocurrency, tokens, blockchain, crypto-asset regulations, crypto wallets, exchanges, liquidity, DApps, forks, mining, security, and blockchain technologies. He is a professional with a track record of proven expertise within the crypto space.