Revolut Empowers SMBs by Converting Stablecoins to Working Capital with Zero-Fee USD Exchanges
Revolut Introduces No-Fee 1:1 Stablecoin-to-USD Exchange
Revolut, a leading global fintech company with a user base of 65 million, has rolled out a 1:1 conversion service between stablecoins and U.S. dollars without any fees, spreads, or hidden charges for crypto deposits and withdrawals. This new feature, named "1:1 Stablecoins by Revolut," lets customers swap up to $578,630 every 30 days at full value, as shared by Leonid Bashlykov, Revolut’s head of crypto product, in a
This initiative targets a major challenge faced by small and medium-sized businesses (SMBs) in regions with unstable local currencies. Venture capitalist Elbruz Yılmaz from Outrun pointed out that Turkish SMBs typically lose 0.8% to 1.5% when converting their currency to USD, in addition to SWIFT charges and exchange rate slippage. By removing these barriers, Revolut’s 1:1 swaps could help stablecoins serve as “working capital infrastructure,” allowing for quicker business cycles and minimizing foreign exchange losses, according to the Cointelegraph article.
This approach from Revolut reflects a wider movement toward stablecoin usage.
The 1:1 swap feature is part of Revolut’s growing crypto offerings. The company announced $1.1 billion in net profits for 2024, fueled by a 298% increase in revenue from its wealth segment, according to a
This wave of innovation from the fintech sector comes as more global financial players embrace stablecoins. Western Union is preparing to launch its USDPT stablecoin on Solana by 2026, and SWIFT is piloting on-chain messaging, according to a
