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Revolut Adds Direct USD-to-Stablecoin Exchange at 1:1 Rate

Key Takeaways

  • ​Revolut lets users convert USD to stablecoins like USDC and USDT at a 1:1 rate, with no fees, up to $578,630 every 30 days;
  • The feature works across six blockchains, including Ethereum, Solana, and Tron;
  • Businesses in unstable economies may benefit from reduced currency losses using stablecoins as a more stable financial tool.

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Revolut Adds Direct USD-to-Stablecoin Exchange at 1:1 Rate

Revolut, a UK-based digital banking service, has introduced a new feature that lets users convert US dollars directly into stablecoins at a fixed 1:1 exchange rate.

This service allows up to $578,630 in these conversions per 30 days, free of any extra charges or hidden markups.

The new option supports USDC USDC $1.00 and USDT USDT $1.00 and works across six different blockchain networks, including Ethereum ETH $3,859.85 , Solana SOL $187.02 , and Tron TRX $0.2963 .

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According to Leonid Bashlykov, who oversees crypto products at Revolut, this change aims to simplify how people transfer between regular money and digital currencies.

Bashlykov stated that the company would cover any price difference internally to maintain the 1:1 rate, as long as the stablecoins remain pegged to the US dollar.

Elbruz Yılmaz, a managing partner at Outrun, a venture capital firm, commented on the potential benefits for businesses in countries dealing with currency instability.

For example, small businesses in Turkey often lose money when converting from the local currency to dollars due to high fees and market fluctuations. He noted that direct access to stablecoins at a fixed rate could help these businesses better manage their finances and reduce unnecessary costs.

Revolut’s support for crypto has grown steadily since it first launched crypto trading in 2017. The platform now supports more than 200 tokens and lets users pay for everyday purchases with crypto.

The Bank of England recently confirmed that its planned restrictions on stablecoin usage are not meant to last. What did Deputy Governor Sarah Breeden say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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