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Revolut Converts Stablecoins into Operational Funds for 65 Million Users

Revolut Converts Stablecoins into Operational Funds for 65 Million Users

Bitget-RWA2025/10/31 05:32
By:Bitget-RWA

- Revolut launched fee-free 1:1 USD-stablecoin conversions for 65M users, removing transaction costs across six blockchains. - The service follows Revolut's MiCA license acquisition and a 66% surge in customer assets to $35B in 2024. - Experts highlight its value for SMEs in volatile economies, transforming stablecoins into practical working capital infrastructure. - Revolut's move aligns with a $2T projected stablecoin market growth by 2028, positioning it as a cross-border payment leader.

Revolut has introduced a new feature that lets users exchange U.S. dollars (USD) and stablecoins at a direct 1:1 rate with no fees, spreads, or hidden charges, representing a major advancement in making crypto deposits and withdrawals easier for its 65 million users, as reported by

. This new capability, which includes support for Circle's and Tether's on six different blockchains such as , , and , enables transactions up to $578,630 within a 30-day period. Leonid Bashlykov, Revolut’s Crypto Head of Product, stated that this update removes “all the stress and complications of switching between fiat and crypto,” supporting the company’s vision to integrate stablecoins smoothly into daily financial activities.

This launch comes after Revolut secured a Markets in Crypto-Assets Regulation (MiCA) license from the Cyprus Securities and Exchange Commission, allowing it to deliver regulated crypto offerings across 30 countries in the European Economic Area. In 2024, the company disclosed that customer assets reached nearly $35 billion, marking a 66% rise from the previous year and highlighting the increasing interest in its crypto services. By eliminating common obstacles like fees and price slippage, Revolut is working to make stablecoins a practical solution for users, especially in markets with unstable local currencies.

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Elbruz Yılmaz, managing partner at the venture capital firm Outrun, pointed out the benefits of these services for small and medium-sized businesses (SMBs) in places like Turkey, where currency depreciation and high SWIFT costs reduce value in international transactions. “A straightforward one-to-one ramp transforms stablecoins from speculative holdings into essential working capital,” Yılmaz explained, suggesting that this could speed up adoption in areas with unstable fiat money. Revolut’s strategy reflects a wider movement in fintech, where companies are using blockchain to fill gaps left by traditional banking, particularly for those without full access to financial services.

This initiative also demonstrates Revolut’s efforts to stand out in the fast-growing stablecoin sector, which the U.S. Treasury projects could expand from $300 billion to $2 trillion by 2028. By providing direct 1:1 exchanges, Revolut not only lowers expenses for its users but also becomes more attractive to businesses looking for dependable, affordable international payment options. As regulations become clearer and more institutions adopt stablecoins, platforms like Revolut are set to play a crucial part in connecting conventional finance with decentralized financial systems.

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