LongDotSupply says Robinhood stock tokens on Arc are backed 1:1
- —LongDotSupply said Robinhood stock tokens on Arc are backed 1:1
- —The token's low price is due to a roughly 2x USDC premium on Arc
- —The Arc mainnet and cross-chain USDC will open on September 16
- —Robinhood has not confirmed an official issuance of these tokens
Why it matters: The disputed status of Robinhood stock tokens on Arc raises questions about their backing and liquidity ahead of the September 16 mainnet launch.
Source: TokenPost