Revolut has simplified the process of adding and withdrawing funds from cryptocurrency by eliminating all related charges, spreads, and supplementary costs, thereby allowing customers to exchange USD and stablecoins at a precise 1:1 valuation.
A neobank, Revolut, has launched a guaranteed 1:1 exchange ratio between the USD and supported stablecoins, enabling its sixty-five million clients to convert as much as $578,630 within any thirty-day period without any charges or financial spreads being applied.
“Today marks the day when all concerns and difficulty regarding transactions between traditional currency and digital assets are entirely eliminated,” Leonid Bashlykov, Revolut’s Head of Product in Crypto, communicated via a LinkedIn update on Thursday.
“1:1 Stablecoins by Revolut — $1.00 means $1.00.”
Revolut disclosed that assets valued at nearly $35 billion were being held on behalf of its clientele in 2024, showing a $66 growth over 2023, concurrently with a substantial surge in the platform’s monthly transaction volume.
Revolut’s new service will encompass Circle’s USDC and Tether’s USDT digital assets across a total of six distinct blockchain networks, including Ethereum, Solana, and Tron, Bashlykov specified.
This feature is being introduced approximately one week following Revolut’s acquisition of a Markets in Crypto-Assets Regulation authorization from the Cyprus Securities and Exchange Commission, which now permits the company to provide regulated cryptocurrency services throughout the thirty nations forming the European Economic Area.
Bashlykov stated that the guaranteed 1:1 exchanges are not implemented to secure an improved exchange rate but rather to “totally remove the difficulty of initiating and finalizing on-chain and off-chain transactions.”
Nevertheless, the guaranteed 1:1 exchanges are expected to have a significant effect on small and mid-sized enterprises located in nations currently struggling with financial difficulties, such as Turkey, according to Elbruz Yılmaz, managing partner at the venture capital company Outrun, in a reply to Bashlykov’s social media announcement.
He pointed out that considerable value is lost by SMBs when they must exchange from a currency such as the Turkish lira to the USD. This problem is further intensified by charges related to SWIFT and the value reduction experienced when moving capital across international boundaries.
“A clean one to one ramp turns stablecoins from a speculative asset into working capital infrastructure. Faster cycles. Less FX bleed. Better treasury control.”
Bashlykov announced that the spread will be absorbed internally by Revolut to guarantee that clients obtain the guaranteed 1:1 rate, on the condition that the stablecoins successfully sustain their intended market parity.
The UK-headquartered financial institution has been offering digital asset trading since 2017. Presently, more than 200 different tokens are supported, along with a convenient feature that permits customers to complete regular transactions using cryptocurrency.
Western Union Reveals Plans to Launch Its Own Stablecoin
The money transfer service, Western Union, revealed earlier this week that a system for stablecoin transactions will be deployed on the Solana blockchain sometime during the initial six months of 2026.
The payment arrangement will incorporate the US Dollar Payment Token (USDPT)—which is intended to be issued by Western Union on collaborating cryptocurrency platforms—and the associated Digital Asset Network.
Last Friday, the corporation that controls the Zelle payment network revealed that stablecoins would be introduced to facilitate quicker international fund transfers, while in mid-September, MoneyGram announced that its digital asset application would be integrated in Colombia to provide local users with an USDC wallet.
SWIFT—formally the Society for Worldwide Interbank Financial Telecommunication—is simultaneously constructing a dedicated blockchain-based payment settlement system which is designed to handle transfers of both stablecoins and tokenized assets.
