Revolut Plans to Launch Its Own Stablecoin

Revolut is planning to strengthen its position in the digital asset space by issuing its own stablecoin. According to available information, the project is already at an advanced stage of development, and the company expects high interest from the crypto community after the asset’s launch. Representatives of the institution stated that the release of its own stablecoin will be a significant stage in the development and expansion of the digital bank in the cryptocurrency space. Thanks to the UK banking license, Revolut will be able to take an advantageous position among crypto market participants, offering its services on a regulated and secure platform. The company focuses on regulatory compliance and security, which should increase the trust and interest of users and investors in Revolut’s crypto services. The new stablecoin is planned to compete with such players as PayPal, Ripple and BitGo.