Revolut Rolls Out Direct USD-to-Stablecoin Feature

Revolut, a Global Fintech company, has introduced a new feature allowing users to swap U.S. dollars for stablecoins at a one-to-one rate, without any fees, spreads, or hidden costs.

In a LinkedIn post announcing the update, Leonid Bashlykov, Revolut’s Head of Crypto Product, said, “Today marks the day we remove all anxiety and friction of moving between fiat and crypto.” He described the feature, called “1:1 Stablecoins by Revolut,” as a way to make $1 in fiat equal to $1 in digital form.

The change allows Revolut’s 65 million users to convert up to $578,000 in USD and stablecoins every 30 days without losing value.

The service supports two of the largest stablecoins, Circle’s USDC and Tether’s USDT, across six blockchains, including Ethereum, Solana, and Tron. Revolut will cover any conversion spread internally to maintain the 1:1 rate, as long as the stablecoins remain pegged to the dollar.

The company said the update aims to make moving money between bank accounts and blockchain networks easier. The announcement follows Revolut’s receipt of a Markets in Crypto-Assets (MiCA) license from regulators in Cyprus, allowing it to offer crypto services across 30 European countries.

Potential benefits for SMBs

Industry observers say the update could have benefits beyond everyday users. In a comment, venture capitalist Elbruz Yılmaz, a fintech investor at Outrun, said Revolut’s 1:1 USD-to-stablecoin swap could help small and medium-sized businesses (SMBs) in countries like Turkey.

He noted that SMBs there often lose between 0.8% and 1.5% of their funds when converting from local currency to U.S. dollars, along with extra costs from SWIFT fees and exchange rate slippage. By removing those losses, he said, a direct one-to-one conversion could help SMBs manage cash flow more efficiently and reduce foreign exchange costs.

Fintechs turn to blockchain

Revolut’s update comes as more financial firms explore blockchain-based payment systems. Last week, Western Union announced a plan to launch its own stablecoin, the U.S. Dollar Payment Token (USDPT), on the Solana blockchain by 2026. Issued by Anchorage Digital Bank, the token will let users send, receive, and hold digital dollars, with the rollout expected in the first half of 2026. 

Similarly, Zelle and MoneyGram recently introduced stablecoin initiatives aimed at faster and cheaper cross-border transfers. SWIFT, the global interbank messaging network, has also begun testing an on-chain messaging system on Consensys’ Layer 2 blockchain, Linea.

The bigger picture

Revolut’s move comes as stablecoins are becoming part of the wider financial system, not just a crypto niche. Its new feature, backed by a MiCA license in Europe, shows how regulated fintechs are beginning to connect traditional money with blockchain networks in practical ways.

Around the world, more companies and governments are moving in the same direction. Visa is widening its stablecoin settlement network, while Circle and ClearBank are working to improve euro liquidity. Japan and Korea have launched their own national digital currencies, while Canada, Australia, and France are working on rules to manage and oversee stablecoin use.

These developments show a gradual move toward treating stablecoins as part of everyday financial infrastructure, aimed at improving efficiency and transparency in payments.

Also Read: BDACS Brings Korea’s KRW1 Stablecoin to Circle’s Arc