British fintech giant Revolut reportedly plans to launch its own stablecoin
According to CoinDesk citing four informed sources, UK fintech company Revolut plans to issue its own stablecoin. Two insiders revealed that the company has made significant progress in creating stablecoins.
Revolut, which provides cryptocurrency trading services, has 45 million users worldwide and obtained a UK banking license in July of this year. The company announced last month that it would provide liquidity to its employees through a secondary stock issuance, with a valuation of $45 billion.
When asked about its stablecoin plan, a spokesperson for Revolut stated that the company hopes to expand its cryptocurrency products and adopt a compliance first approach to become a safe haven for the entire cryptocurrency community. The spokesperson stated in an email:
Cryptocurrency is an important component of our borderless banking philosophy, and we have a clear mission to become the safest and most convenient provider of encrypted asset services
The stablecoin field is currently dominated by Tether's USDT, with a market value of approximately $119 billion, followed by Circle's USDC, with a market value of approximately $35.4 billion. Payment giant PayPal has been issuing its own stablecoin PYUSD since August last year, while blockchain company Ripple plans to join this market in the coming weeks. Cryptocurrency custodian BitGo announced plans yesterday to launch the US dollar stablecoin USDS.
The value of stablecoins is linked to real-world assets, and issuers typically purchase government issued bonds to support their value, providing them with a stable source of interest income and substantial profits. Tether stated in its quarterly report released in July this year that its net profit for the first half of the year reached a record high of $5.2 billion.
This trend may also be driven to some extent by the preliminary guidelines for cryptocurrency issued by Europe in the form of the Crypto Asset Market Act (MiCA) regulatory framework.
(责任编辑:黄金TD)
- ·从两张披萨到总统盛宴:特朗普与孙宇晨的握手,是加密货币走向未来的转折点
- ·光学光电子行业31日主力净流出42.62亿元,欧菲光、TCL科技居前
- ·请问光大银行信用卡分期怎么取消?
- ·meme币官方版最新下载 memeBIAN卓最新手机
- ·玄链上线价格-玄链上线价格怎么算
- ·meme币交易所安卓手机端 memeBIAN卓中文版app下载
- ·JuCoin推出Dolphin星海共创计划,JU合伙人席位抢购过半
- ·云什么有什么天气
- ·全世界虚拟货币交易所排名 十大正规比特币平台
- ·日本企业预计美国关税将造成 280 亿美元损失
- ·十大虚拟货币交易平台 十大虚拟货币交易平台排行
- ·什么是以太坊轻钱包-以太坊钱包是什么意思
- ·期末余额计算公式是什么
- ·seer币兑换比例价格-seer币现价多少
- ·股票6字开头
- ·芝麻交易所ouyi加密货币钱包在线下载-芝麻交易所web3钱包免费版v6.3.7安装地址
- · 虚拟货币交易平台有哪些
- · okx交易所app官网链接
- · oe交易所app下载
- · 数字货币交易平台app
- ·欧易交易所下载
- · 加密货币交易所
- · 亿欧app下载
- · 欧易app官方下载入口
- · okcoin交易平台
- · 欧易正规