Revolut Plans To Launch Its Own Stablecoin

According to BlockBeats, London-based fintech company Revolut is planning to issue its own stablecoin. This information was reported by Coindesk, citing sources familiar with the matter. Revolut, which was valued at $45 billion earlier this year, has made significant progress in developing the stablecoin. Two informed sources revealed that Revolut obtained a UK banking license in July, which has facilitated its advancements in creating the stablecoin. The move is seen as part of Revolut's broader strategy to expand its cryptocurrency trading services.