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Revolut Plans to Issue Its Own Stablecoin: People Informed of the Situation

Revolut Plans to Issue Its Own Stablecoin: People Informed of the Situation

Bitget2024/09/18 12:24
USDC-0.02%

Fintech giant Revolut intends to issue its own stablecoin, according to four people familiar with the matter, CoinDesk reports. The company, which received its UK banking license in July and was valued at $45 billion earlier this year, is said to have made considerable progress in creating a stablecoin. When asked about its stablecoin plans, a Revolut spokesperson said that the company wants to expand its cryptocurrency offerings and take a compliance-first approach.

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