Revolut Explores Launch of Proprietary Stablecoin Amid Shifting Regulatory Landscape

London-based neobank Revolut is advancing plans to develop its own stablecoin, according to sources familiar with the matter. The fintech giant, which serves 55 million retail and 500,000 business clients globally, has initiated discussions with crypto-native firms to support the venture.

The move follows Revolut's 2024 launch of Revolut X, its EU-licensed cryptocurrency exchange. Stablecoins—digital assets pegged to fiat currencies like the US dollar—are gaining traction among traditional financial institutions as US lawmakers progress crypto-friendly legislation.

This development positions Revolut alongside other major corporations exploring blockchain-based payment solutions. The neobank's extensive user base could significantly accelerate mainstream stablecoin adoption if the project comes to fruition.