{"id":137460,"date":"2024-09-18T16:00:10","date_gmt":"2024-09-18T13:00:10","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137460"},"modified":"2024-09-18T15:50:53","modified_gmt":"2024-09-18T12:50:53","slug":"revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services\/","title":{"rendered":"Revolut to Launch Its Own Stablecoin as It Expands Crypto Services"},"content":{"rendered":"<p>A Revolut spokesperson confirmed the company\u2019s goal to enhance its crypto services while emphasizing a commitment to regulatory compliance and safety. The firm aims to be a secure and accessible platform for cryptocurrency enthusiasts.<\/p>\n<p>The stablecoin market, currently dominated by Tether\u2019s <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">USDT<\/a><\/strong> with a $119 billion market cap, is expanding with new competitors. Circle\u2019s USDC is the second-largest, and other notable entries include PayPal\u2019s new stablecoin and upcoming tokens from Ripple and BitGo.<\/p>\n<p>Stablecoins, pegged to real-world assets, often invest in government debt, generating significant profits. Tether, for instance, reported a $5.2 billion profit in the first half of the year. The new European crypto regulations, known as the MiCA framework, are likely influencing this trend.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/visa-expands-crypto-payments-network-with-new-partnership\/\" title=\"Visa Expands Crypto Payments Network with New Partnership\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/visa-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Visa Expands Crypto Payments Network with New Partnership<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Revolut, which has been facilitating crypto transactions through its app and recently launched a dedicated cryptocurrency exchange, continues to expand its offerings in the digital asset space.<\/p>\n<p><em><strong><a href=\"https:\/\/www.coindesk.com\/business\/2024\/09\/18\/fintech-giant-revolut-said-to-be-planning-stablecoin\/\" target=\"_blank\" rel=\"nofollow\">Source<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fintech giant Revolut is planning to launch its own stablecoin. Sources indicate that Revolut, which recently secured a U.K. banking license and was valued at $45 billion earlier this year, is progressing well with this initiative.<\/p>\n","protected":false},"author":3,"featured_media":25612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,28],"tags":[],"class_list":["post-137460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-fintech"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Revolut to Launch Its Own Stablecoin as It Expands Crypto Services<\/title>\n<meta name=\"description\" content=\"Fintech giant Revolut is planning to launch its own stablecoin. 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Sources indicate that Revolut, which recently secured a U.K. banking ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-18T13:00:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/revolut-logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2040\" \/>\n\t<meta property=\"og:image:height\" content=\"1360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/UoyhIpJ0QUV6uYL\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services\/\"},\"author\":{\"name\":\"Alexander Stefanov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"headline\":\"Revolut to Launch Its Own Stablecoin as It Expands Crypto Services\",\"datePublished\":\"2024-09-18T13:00:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services\/\"},\"wordCount\":159,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/revolut-logo.jpg\",\"articleSection\":[\"Altcoins\",\"FinTech\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptodnes.bg\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services\/\",\"name\":\"Revolut to Launch Its Own Stablecoin as It Expands Crypto Services\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/revolut-logo.jpg\",\"datePublished\":\"2024-09-18T13:00:10+00:00\",\"description\":\"Fintech giant Revolut is planning to launch its own stablecoin. 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