British fintech giant Revolut reportedly plans to launch its own stablecoin
According to CoinDesk citing four informed sources, UK fintech company Revolut plans to issue its own stablecoin. Two insiders revealed that the company has made significant progress in creating stablecoins.
Revolut, which provides cryptocurrency trading services, has 45 million users worldwide and obtained a UK banking license in July of this year. The company announced last month that it would provide liquidity to its employees through a secondary stock issuance, with a valuation of $45 billion.
When asked about its stablecoin plan, a spokesperson for Revolut stated that the company hopes to expand its cryptocurrency products and adopt a compliance first approach to become a safe haven for the entire cryptocurrency community. The spokesperson stated in an email:
Cryptocurrency is an important component of our borderless banking philosophy, and we have a clear mission to become the safest and most convenient provider of encrypted asset services
The stablecoin field is currently dominated by Tether's USDT, with a market value of approximately $119 billion, followed by Circle's USDC, with a market value of approximately $35.4 billion. Payment giant PayPal has been issuing its own stablecoin PYUSD since August last year, while blockchain company Ripple plans to join this market in the coming weeks. Cryptocurrency custodian BitGo announced plans yesterday to launch the US dollar stablecoin USDS.
The value of stablecoins is linked to real-world assets, and issuers typically purchase government issued bonds to support their value, providing them with a stable source of interest income and substantial profits. Tether stated in its quarterly report released in July this year that its net profit for the first half of the year reached a record high of $5.2 billion.
This trend may also be driven to some extent by the preliminary guidelines for cryptocurrency issued by Europe in the form of the Crypto Asset Market Act (MiCA) regulatory framework.
(责任编辑:现货金)
- ·LAZIO(Lazio Fan T交易所n)是什么币?
- ·上海公积金转外地
- ·靠谱波场币主流货币地址怎么注册?安全稳定波场币主流货币交易平台APP推荐
- ·比特币算的是什么 比特币算的是什么数学题
- ·十渡玻璃栈道在哪里-十渡玻璃栈道在哪里啊
- ·比特币最新利好消息:30,000 BTC 流向冷钱包
- ·2025年最新苹果手机下载币安APP教程_币安官网ios下载
- ·派币数字货币交易平台币巴巴交易所_币圈十大交易所
- ·天津周边自驾游去哪里好玩
- ·生态空投、做稳定币、自己发币... 盘点 Sui 游戏机的「骚操作」
- ·周口市哪里好玩的地方
- ·比特币怎么转账
- ·数字货币交易平台排行榜_中国数字货币交易平台排名
- ·比特币钱包app盘点 十大比特币钱包app排名
- ·SURE inSure DeFi是什么币?
- ·美国政府问责局表示加密货币监管需要解决缺乏机构间合作的问题
- · 数字货币交易app
- · okx官方
- · 欧易正规
- · oe交易所app下载
- · okcoin下载官方app
- · 欧易app官方下载入口
- · 亿欧交易所下载
- · 0kx交易所官网
- · 欧易开户
- · okcoin交易平台