(#Coindesk )
#Revolut , a London-based fintech company valued at $45 billion, is reportedly developing its own #stablecoin , according to sources. The company, which obtained a U.K. banking license in July, aims to expand its cryptocurrency offerings with a focus on compliance. Revolut's spokesman emphasized the company's goal to become a safe and accessible provider of crypto asset services. The stablecoin sector, led by #tetherUsdt and Circleâs $USDC , has attracted new entrants, including PayPal and Ripple. Stablecoins, which are tied to real-world assets, generate profit through government-issued debt interest. The sector's growth is also influenced by Europe's upcoming Markets in Crypto Assets (MiCA) regulatory framework. Revolut has supported crypto trading within its app for years and launched a cryptocurrency exchange in May for advanced users.
