Revolut rolls out 1:1 USD-to-stablecoin swaps as fintechs warm to crypto — TradingView News
Neobank Revolut has introduced a 1:1 conversion between USD and stablecoins, allowing its 65 million users to exchange up to $578,630 every 30 rolling days without incurring fees or spreads.
“Today marks the day we remove all anxiety and friction of moving between fiat and crypto,” Revolut’s Head of Product in Crypto, Leonid Bashlykov, posted to LinkedIn on Thursday.
“1:1 Stablecoins by Revolut — $1.00 means $1.00.”
Revolut reported holding nearly $35 billion worth of assets on behalf of its customers in 2024, marking a 66% increase from 2023, while its monthly transactions on the platform also rose considerably.
Revolut’s offering will apply to Circle’s USDC (USDC) and Tether (USDT) across six blockchains, including…
