According to Foresight News, CoinDesk reported that according to four people familiar with the matter, financial technology giant Revolut intends to issue its own stablecoin. The company obtained a UK banking license in July and was valued at $45 billion earlier this year. It is said that it has made considerable progress in creating stablecoins. When asked about its stablecoin plan, a Revolut spokesperson said that the company hopes to expand its cryptocurrency products and take a compliance-first approach.