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:基金数据)
- ·虚拟货币套利平台-虚拟币 套利
- ·e火币
- ·特朗普关税威胁引发加密货币市场震荡,市值蒸发超千亿美元
- ·火币网苹果
- ·ChatGPT 评估瑞波币价格预测:XRP 在 100 美元时有多可行?
- ·火币app
- ·Cetus 协议遭受 2.6 亿美元黑客攻击 – 安全危机导致 SUI 下跌 15%
- ·平安i贷如何还款?第一次用平安i贷,不知道怎么还钱。
- ·比特币价格涨势-比特币价格涨势放缓
- ·对话 MEET48 COO:MEET48 的 AIUGC 生态的豪赌和野望,AI-LLM 和 Web5 构架篇
- ·全球最大加密货币交易所究竟是哪个公司?
- ·bbc币今日价格
- ·专家称这是比特币史上最平静的高点
- ·Blum联合创始人因涉嫌特大欺诈被捕
- ·买股票跳楼
- ·火币网不能杠杆了
- · okx交易所app官网
- · 虚拟货币交易平台排名
- · 欧易最新版本
- · 虚拟货币交易
- · 欧易交易所 电脑
- · OK交易所官网入口登录
- · 亿欧app下载
- · okcoin下载官方app
- · 欧亿交易所怎么样。
- · 欧易正规