Catenaa, Monday, June 30, 2025-Revolut, a leading neobank serving over 55 million retail customers and 500,000 businesses worldwide, is actively exploring the creation of its own stablecoin, according to sources familiar with the matter.
The development follows the neobank’s 2024 launch of Revolut X, a centralized crypto exchange operating across the European Union.
Stablecoins are digital tokens pegged to stable assets like the US dollar, providing users with a low-cost, fast alternative for payments, remittances, and crypto trading.
Revolut’s potential entry into this space aligns with a broader trend of non-crypto firms considering stablecoin issuance, driven by shifting regulatory frameworks globally, especially in the United States.
Stablecoins can help banks and payment services reduce transaction fees, accelerate settlement times, and earn yields on reserve assets backing the tokens.
Market leaders Circle and Tether, issuers of USDC and USDT, have built billion-dollar businesses on this model.
While Revolut declined to comment directly on stablecoin plans, a spokesperson emphasized the company’s commitment to expanding its crypto offerings with a compliance-first approach.
Revolut’s valuation reached $48 billion in March, underscoring its rapid growth.
The surge in interest follows recent U.S. Senate passage of the GENIUS Act, setting a legal framework for stablecoin issuance. Other major players such as Bank of America, JP Morgan, and Citigroup have also indicated plans to develop stablecoins if regulatory conditions are favorable. Industry experts predict a surge of new stablecoins entering the market, increasing competition in the $251 billion sector dominated by Tether and Circle.
