Revolut rolls out 1:1 USD-to-stablecoin swaps as fintechs warm to crypto
Revolut has made on and off-ramping to crypto easier by removing fees, spreads and other costs, allowing users to convert USD and stablecoins at a 1:1 ratio.
Neobank Revolut has introduced a 1:1 conversion between USD and stablecoins, allowing its 65 million users to exchange up to $578,630 every 30 rolling days without incurring fees or spreads.
“Today marks the day we remove all anxiety and friction of moving between fiat and crypto,” Revolut’s head of product in crypto, Leonid Bashlykov, posted to LinkedIn on Thursday.
Revolut reported holding nearly $35 billion worth of assets on behalf of its customers in 2024, marking a 66% increase from 2023, while its monthly transactions on the platform also rose considerably.