🏦 Revolut is preparing to launch its stablecoin 💸
Revolut, the crypto-focused neobank, is working on its own stablecoin backed by real assets, according to sources close to the company and CoinDesk. The move puts Revolut alongside major companies like PayPal and Ripple, and is part of Europe's upcoming MiCA regulation.
Revolut, already active in cryptocurrency services via its app, sees an opportunity to expand with the issuance of a stablecoin, especially after obtaining a banking license in the United Kingdom. The project aims to strengthen its position as a leader in secure financial services.
The stablecoin market, dominated by Tether (USDT) and Circle (USDC), is growing rapidly. Revolut, with its vast network of users, could become a strong competitor.
This development confirms Revolut’s ambition to establish itself in the world of cryptocurrencies and modern financial services.
