Revolut in Advanced Stages to Launch Stablecoin, Says CoinDesk

Fintech giant Revolut is reportedly planning to launch its own stablecoin, according to sources cited by CoinDesk.

The company, known for its crypto-friendly services, is said to be in advanced stages of development for the stablecoin. This move follows Revolut's recent acquisition of a UK banking license, which aims to expand its crypto offerings while taking a compliance-first approach.

The stablecoin initiative aligns Revolut with other major players in the market, such as PayPal, Ripple, and BitGo. The information comes from four people familiar with the plan.

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