Revolut Intends to Launch a Stablecoin
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According to sources, financial technology company Revolut is in the process of creating its own crypto stablecoin.
A spokesperson from Revolut confirmed that the company plans to expand its cryptocurrency offerings, but also emphasized their commitment to compliance and safety for traders and investors in the growing digital asset sector.
The market for stablecoins has been a significant aspect of the cryptocurrency landscape, with a collective market cap of over $170 billion, according to data from DeFi Llama.
This success and the perceived safety of stablecoins have led to an influx of traditional financial institutions entering the market.
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