Crypto-friendly digital bank Revolut is set to launch its own stablecoin, marking a significant expansion of its crypto offerings. This move positions Revolut alongside major players like Paypal, Ripple, and Bitgo in the highly competitive stablecoin market. The London-based fintech company, which holds a UK banking license, aims to ensure compliance and safety with this new venture, providing a secure and accessible platform for crypto asset services. Revolut’s entry into the stablecoin sector highlights its commitment to innovation and leadership in the digital banking space.

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