Revolut Launches Fee-Free 1:1 USD to Stablecoin Conversion
Revolut has rolled out a fee-free, 1:1 USD to stablecoin conversion for its 65 million users, enabling up to $578,630 in USDC or USDT swaps every 30 days. This stablecoin conversion removes spreads and extra costs across six blockchains—including Ethereum, Solana and Tron—streamlining fiat-to-crypto on-ramp and off-ramp processes. Backed by its CySEC Markets in Crypto-Assets Regulation license, Revolut absorbs any internal spread while assets under management climbed to $35 billion in 2024, up 66% year-on-year. By eliminating conversion fees, Revolut aims to boost on-chain liquidity and wider stablecoin adoption, offering traders seamless access to USDC and USDT without hidden costs.
Bullish
The introduction of fee-free 1:1 USD to stablecoin conversion by a major fintech platform like Revolut is likely bullish for stablecoins like USDC and USDT. In the short term, traders benefit from lower on-ramp and off-ramp costs, potentially increasing transaction volumes and market liquidity. Over the long term, simplified and regulated access through Revolut’s CySEC license can drive broader adoption of stablecoins, strengthening their market position and supporting greater capital flows into crypto markets.