Revolut Explores Stablecoin Launch Amid Regulatory Shifts

Coin WorldThursday, Jun 19, 2025 2:15 pm ET
1min read

Revolut, a prominent neobank, is actively exploring the creation of its own stablecoin, according to sources familiar with the matter. This development comes as a growing number of non-crypto companies consider issuing their own stablecoins, driven by shifting regulatory environments in the United States and globally.

Revolut, based in London, launched

X, a centralized crypto exchange available across the European Union, in 2024. Now, a year later, the company is looking to further its crypto ventures by potentially issuing its own stablecoin. Sources indicate that Revolut is in discussions with at least one crypto-native company regarding this initiative.

Stablecoins are cryptocurrency tokens designed to maintain a stable value, typically pegged to the U.S. dollar. They achieve this by holding reserves of dollars and other assets that cover the cost of the issued stablecoins. These tokens are used by cryptocurrency traders to enter and exit positions without directly accessing fiat currencies, particularly in markets where U.S. dollars are restricted or inaccessible. They also facilitate instant and low-cost international payments and remittances.

For banks and wire services, creating and using a stablecoin could significantly reduce payment processing fees and improve settlement speeds. Additionally, companies can earn a yield on the collateral that backs the stablecoin supply, similar to how

and Tether, issuers of USDC and USDT stablecoins, generate revenue.

Revolut, which serves over 55 million retail customers and 500,000 business customers across 160 countries, has not officially commented on its stablecoin plans. However, a spokesperson confirmed the company's commitment to the cryptocurrency sector, stating, "We have a clear mission to become the most trusted and accessible provider of crypto asset services in the UK, EEA, and eventually beyond. We’re keen to further grow our crypto offering with a compliance-first approach."

The interest in stablecoins has surged following the U.S. Senate’s passage of the GENIUS Act, which establishes a legal framework for issuing stablecoins in the United States. This legislation is expected to be signed into law by August. Major financial institutions like Bank of America, JP Morgan, Citigroup, and Wells Fargo are also considering entering the stablecoin market, indicating a significant shift in the financial landscape.

Industry experts anticipate that the stablecoin market could soon be flooded with thousands of new stablecoins, creating intense competition for current leaders Tether and Circle. This trend highlights the growing acceptance and integration of stablecoins into the global financial system, driven by regulatory clarity and the potential for cost savings and efficiency gains.

Comments



Add a public comment...
No comments

No comments yet

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.