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News Explorer — Revolut Plans to Issue Stablecoin

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Sep 18, 11:58 am

Coindesk

Revolut Plans to Issue Stablecoin

London-based fintech company Revolut is reportedly planning to issue its own stablecoin, joining the growing number of entrants in the highly lucrative stablecoin sector. The company, which recently obtained a U.K. banking license, aims to expand its crypto offering and become a safe harbor for the crypto community. Revolut has been allowing the buying and selling of crypto within its app for years and launched a standalone cryptocurrency exchange in May.

London-based fintech company Revolut is reportedly planning to issue its own stablecoin, joining the growing number of entrants in the highly lucrative stablecoin sector. The company, which recently obtained a U.K. banking license, aims to expand its crypto offering and become a safe harbor for the crypto community. Revolut has been allowing the buying and selling of crypto within its app for years and launched a standalone cryptocurrency exchange in May.

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