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Revolut Banking Fintech Launches 1:1 Stablecoin Conversions
Users can convert up to €500k every 30 days with no fees or spreads.
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Revolut – a British-based neobank that operates across 48 countries and services over 65M customers – now offers 1:1 conversion between USD and USDC/USDT stablecoins.
What's the Scoop?
- Free Conversions: According to Revolut Head of Crypto Leonid Bashlykov, the fintech banking platform has introduced 1:1 conversion between USD and USDC/USDT stablecoins. Users can now exchange up to €500k every 30 rolling days with no fees or spreads when converting.
- Multi-Chain Support: Revolut users will be able to exchange stablecoins for $1 every time, and deposit/withdraw their stablecoins using more than six supported chains, including Ethereum, Solana, Tron, and others.
- Crypto Expansion: This most recent crypto integration builds on Revolut’s growing digital asset ambitions. In July, Decrypt reported that Revolut was considering the launch of its own stablecoin in partnership with unnamed crypto-native issuer, and last November, Revolut launched a crypto exchange for European users.
Bankless Take:
Fintech banking services are increasingly turning to crypto (particularly dollar-denominated stablecoins) to expeditiously service money transfers at a low cost in a relatively stable currency. Revolut appears to recognize these benefits, and it would come as little surprise to see the platform proceed with plans to launch its own stablecoin.
1:1 Stablecoins by Revolut — $1.00 means $1.00 💵
Today marks the day we remove all anxiety and friction of moving between fiat and crypto. We’re introducing 1:1 conversion between USD and… | Leonid Bashlykov | 88 comments
1:1 Stablecoins by Revolut — $1.00 means $1.00 💵
Today marks the day we remove all anxiety and friction of moving between fiat and crypto. We’re introducing 1:1 conversion between USD and stablecoins (USDT & USDC) — get exactly $1.00 in stablecoins for $1.00 in cash (and vice versa), every time. 💱 Ten years ago, Revolut changed how people exchanged currencies — transparent FX, no hidden markups, no crazy fees. Just simplicity and ease. 🚀 Now we’re bringing the same revolution to crypto. This isn’t about getting a better rate — it’s about completely eliminating the pain of going on and off-chain. Stablecoins by Revolut — exchange at $1.00 every time, and move across 6+ supported chains (incl. Ethereum, Solana, Tron and others). ———
Exchange up to €500,000 every 30 rolling days with no fees or spreads when converting between USD<>USDC and USD<>USDT. T&Cs apply. | 88 comments on LinkedIn
Leonid Bashlykov