TechFlow news — On September 18, according to CoinDesk, two sources familiar with the matter revealed that London-based fintech firm Revolut is planning to launch its own stablecoin, with the project currently in an advanced stage. Revolut obtained a UK banking license in July this year and has a valuation of $45 billion.
A Revolut spokesperson stated that the company plans to expand its cryptocurrency business with a "compliance-first" strategy, aiming to become a safe haven for the entire crypto community. "Cryptocurrency is a key component of our borderless banking vision. Our clear goal is to become the safest and most accessible provider of crypto asset services," the spokesperson emphasized in an email.
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