Revolut in Advanced Stages to Launch Stablecoin, Says CoinDesk

Sep 18, 2024, 12:39 PM

Fintech giant Revolut is reportedly planning to launch its own stablecoin, according to sources cited by CoinDesk. The company, known for its crypto-friendly services, is said to be in advanced stages of development for the stablecoin. This move follows Revolut's recent acquisition of a UK banking license, which aims to expand its crypto offerings while taking a compliance-first approach. The stablecoin initiative aligns Revolut with other major players in the market, such as PayPal, Ripple, and BitGo. The information comes from four people familiar with the plan.