London-based fintech company Revolut is reportedly planning to issue its own stablecoin, aiming to become a safe and compliant haven for the crypto community. The move follows other players like PayPal and Ripple entering the stablecoin sector.
A spokesman for Revolut said the company wants to expand its crypto offerings, taking a compliance-first approach to become a safe harbor for the entire crypto community.
Asked about its stablecoin plans, a spokesman for Revolut said the firm wants to expand its crypto offering, taking a compliance-first approach to become a safe harbor for the entire crypto community. The highly lucrative stablecoin sector, dominated by Tether's USDT with a market cap of about $119 billion, has seen a growing crop of new entrants. Circle’s USDC ranks second, at about a third of the size. Last year, payments service PayPal
Revolut Stablecoin Cryptocurrency Fintech Compliance
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