Crypto adoption is accelerating as Revolut introduces fee-free 1:1 stablecoin conversions, offering users seamless movement between fiat and digital assets. This move signals a significant step towards mainstreamization of cryptocurrency, with a focus on stability and efficiency across the global financial ecosystem.
Key Features of Revolut's New Stablecoin Conversion
- •Revolut now supports 1:1 USD-to-stablecoin conversions, enabling users to exchange USDC and USDT across six blockchains without fees or spreads.
- •The feature is part of Revolut’s broader efforts to enhance crypto services following recent regulatory approvals in Europe.
- •Revolut’s stablecoin policy ultimately aims to simplify crypto-fiat transitions, reducing the typical friction and costs involved.
- •Major payment services, including Western Union, Zelle, and MoneyGram, are developing similar stablecoin solutions to facilitate cross-border transactions.
- •The trend indicates growing institutional and fintech interest in blockchain-based payment settlement and stablecoin integrations.
Revolut, the British-based neobank with over 65 million users, has announced a new feature that allows for 1:1 conversion rates between USD and popular stablecoins, such as USDC and Tether (USDT). Users can now exchange up to $578,630 every month without incurring additional fees or spreads—an initiative aimed at removing hurdles in moving between traditional currency and crypto assets.
"Today marks the day we remove all anxiety and friction of moving between fiat and crypto," said Leonid Bashlykov, Revolut’s Head of Crypto Product, in a LinkedIn post. He emphasized that the new offering isn’t about improving rates but about streamlining the process and making it more user-friendly.
"1:1 Stablecoins by Revolut — $1.00 means $1.00."
Revolut’s expansion supports stablecoins across six blockchains, including Ethereum, Solana, and Tron. This feature complements its recent licensing under the Markets in Crypto-Assets (MiCA) regulation from the Cyprus Securities and Exchange Commission, enabling authorized crypto services across 30 European Economic Area countries.
Bashlykov explained that Revolut will internally cover the spread, ensuring clients receive a true 1:1 peg, provided the stablecoins maintain their values. The platform has supported crypto trading since 2017, supporting over 200 tokens and offering pay-with-crypto features for everyday purchases.
This move could have a transformative impact on small and medium-sized businesses, especially in countries facing economic difficulties. Elbruz Yılmaz, managing partner at venture capital firm Outrun, highlighted that for businesses in nations like Turkey, converting from local currencies to USD often incurs substantial costs through SWIFT fees and currency slippage. A direct 1:1 stablecoin conversion could mitigate these inefficiencies.
"A clean one to one ramp turns stablecoins from a speculative asset into working capital infrastructure. Faster cycles. Less FX bleed. Better treasury control."
Revolut will cover the spread to ensure the rates remain stable, making it an attractive option for users seeking more predictable and cost-effective ways to manage crypto assets. As a platform supporting extensive crypto services—including trading, payments, and now seamless fiat conversions—Revolut continues to bridge the gap between traditional finance and blockchain technology.
Major Financial Players are Developing Stablecoin Solutions
This week, Western Union unveiled plans to introduce a stablecoin settlement system on the Solana blockchain, expected to launch in the first half of 2026. The project involves the US Dollar Payment Token (USDPT), which will be issued on partnered crypto exchanges, and aims to enhance cross-border transfer efficiency.
Other industry advances include Zelle’s announcement to launch stablecoins for faster international payments and MoneyGram’s plans to integrate USDC wallets in Colombia. Meanwhile, SWIFT is developing a blockchain-based payment settlement platform to support transfers of stablecoins and tokenized assets, signaling a broader move toward integrating blockchain into legacy financial infrastructure.
As the adoption of crypto and blockchain-based solutions accelerates, the financial industry continues to explore innovative ways to leverage stablecoins for safer, faster, and cheaper cross-border transactions.