Revolut Launches Dollar-to-Stablecoin Swaps Under New EU Crypto License

Revolut now allows users to swap U.S. dollars for stablecoins at a 1:1 rate, completely removing fees, spreads, and hidden costs. The move aims to make cryptocurrency transactions as seamless as traditional foreign exchange transactions.

Discover how neo-banks become wealthtech in London at the fmls25

The new feature allows Revolut’s 65 million users to exchange up to $578,630 every 30 rolling days between USD and stablecoins – specifically, Circle’s USDC stablecoin (USDC) and Tether (USDT). Supported blockchains include Ethereum, Solana, and Tron, among others.

Expansion Follows Regulatory Milestone

The feature arrives just a week after Revolut secured a Markets in Crypto-Assets Regulation (MiCA) license from the Cyprus Securities and Exchange Commission. The authorization enables Revolut to offer regulated crypto services across 30 European Economic Area countries – a crucial step in aligning its crypto operations with EU oversight.

• Revolut Just Got Permission to Sell Crypto to 450 Million Europeans
• Revolut Secures Mexico Banking License, Building on Operations in the US and Brazil
• Revolut’s Full UK Bank Licence Is on Hold over Global Risk Control Concerns: Report

“Ten years ago, Revolut changed how people exchanged currencies, transparent FX, no hidden markups, no crazy fees, commented Leonid Bashlykov, the Head of Product for Crypto at Revolut. “Just simplicity and ease. Now we’re bringing the same revolution to crypto,” he continued. “This isn’t about getting a better rate – it’s about completely eliminating the pain of going on and off-chain.”

The British-based neobank reported holding nearly $35 billion in customer assets in 2024, a 66% increase from the previous year, alongside a significant rise in monthly transactions.

The new offering could be particularly beneficial for small and medium-sized businesses in economies dealing with unstable currencies. By providing direct 1:1 conversions, Revolut aims to make stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term transfers more predictable and cost-efficient for both individuals and businesses.

Boost for Businesses in Volatile Markets

Revolut first entered the crypto space in 2017 and now supports over 200 tokens, along with the ability to pay for everyday purchases using digital assets.

The company’s new 1:1 conversion service extends its original promise of transparent and simple foreign exchange – this time, bridging the gap between fiat and blockchain finance.

Recently, Revolut received regulatory approval to offer cryptocurrency services across the European Union, expanding its presence in regulated financial markets. The Cyprus Securities and Exchange Commission granted the company a Markets in Crypto Assets license, enabling it to sell digital tokens in all 30 countries within the European Economic Area.

The approval marks another milestone in Revolut’s global regulatory expansion, coming just three days after it secured authorization from Mexican regulators to operate as a licensed bank, allowing it to accept deposits and issue loans.