Revolut rolls out 1:1 USD-to-stablecoin swaps as fintechs warm to crypto

Neobank Revolut has launched a new feature allowing 1:1 conversions between USD and stablecoins for its 65 million users.

With this option, customers can exchange up to $578,630 every 30 days without facing any fees or spreads. Leonid Bashlykov, Revolut’s head of product in crypto, emphasized that this initiative aims to eliminate the complexities of moving between fiat and cryptocurrency.

The new offering includes access to Circle’s USDC and Tether's USDT across six blockchains, including Ethereum and Solana.

Source: cointelegraph.com