Revolut Launches Zero-Fee Stablecoin Swaps for 65 Million Users
- Revolut launches zero-fee stablecoin swaps, impacting 65 million users.
- Feature supports USDC, USDT on Ethereum, Solana, Tron.
- This move increases liquidity and facilitates fiat-to-crypto transactions.
Revolut, a global fintech giant with 65 million users, announced zero-fee stablecoin swaps of USDC and USDT across major blockchains including Ethereum, Solana, and Tron.
This initiative is part of Revolut’s strategy to eliminate exchange fees, potentially boosting crypto liquidity and usage.
Revolut, a global fintech leader, has introduced a new zero-fee feature allowing 1:1 swaps between US dollars and stablecoins. The service supports major blockchains, aimed at providing ease to its 65 million users.
Leonid Bashlykov, Revolut’s Head of Product for Crypto, stated the company is extending its original currency exchange concept to crypto. Users will receive exactly $1.00 in stablecoins for each $1.00 of cash. “Ten years ago, Revolut changed how people exchanged currencies, transparent FX, no hidden markups, no crazy fees. Just simplicity and ease. Now we’re bringing the same revolution to crypto. This isn’t about getting a better rate – it’s about completely eliminating the pain of going on and off-chain.”
The launch affects major stablecoin markets, potentially increasing trading flows for Ethereum, Solana, and Tron. Users can swap USDC and USDT without additional costs, easing the conversion process.
Revolut’s crypto division saw significant revenue growth, with a 298% increase, highlighting the feature’s potential market impact. This move aligns with Revolut’s history of offering transparent, fee-free services.
Revolut’s zero-fee feature could reduce transaction barriers, enhancing user engagement with decentralised ecosystems. The MiCA license allows compliant operations across Europe, fostering wider crypto access.
Bashlykov’s statement reflects a push towards eliminating on-chain conversion pains, potentially boosting stablecoin liquidity. Regulatory compliance and strategic expansion may encourage other fintechs to adopt similar practices.
