🚀 Crypto-friendly #Revolut is said to be quite far along in creating its own stablecoin, according to two people familiar with the plan.

A spokesman for Revolut said the company wants to expand its crypto offerings, taking a compliance-first approach to become a safe harbor for the entire crypto community.

Revolut, which snagged a U.K. banking license in recent months, would join other entrants to the stablecoin sector including PayPal, Ripple and BitGo.