Zero-Fee Stablecoin Trades Arrive on Revolut for 65 Million Customers

NEW YORK, Oct. 31 – Fintech platform Revolut has introduced zero-fee stablecoin swaps for its 65 million users worldwide. The launch expands its crypto functionality as digital payment firms race to integrate blockchain assets into traditional finance.

The London-based company said users can now convert U.S. dollars into USD Coin (USDC), Tether (USDT), and EURC at a 1:1 exchange rate with no transaction fees or spreads. The service is rolling out globally. In addition, Revolut confirmed a 30-day rolling limit of about US$578,000 per account.

“We want to remove all friction in moving between fiat and crypto,” a Revolut spokesperson said. “Stablecoins offer the efficiency and predictability that digital payments need to go mainstream.”

Revolut just dropped 1:1 Stablecoins by Revolut 😳@RevolutApp is introducing 1:1 conversion between USD and stablecoins (USDT & USDC), meaning you get exactly $1.00 in stablecoins for $1.00 in cash (and vice versa), every time.

Stables are here to stay. pic.twitter.com/oe8k5syeaA

— Linas Beliūnas (@linasbeliunas) October 30, 2025

Revolut Extends Crypto Strategy to Payments Layer

This initiative marks another step in Revolut’s digital-asset expansion. The company recently launched Revolut X, a trading platform with more than 200 supported tokens. It has also introduced staking and tokenized transfers for retail users.

With more than 65 million customers across 35 markets, Revolut now extends crypto beyond investment to remittances, business transfers, and cross-border settlements. “By integrating stablecoins into our ecosystem, we are lowering the bridge between banks and blockchains,” said Emil Urmanshin, Revolut’s General Manager for Crypto.

Moreover, the firm recently obtained a MiCA (Markets in Crypto-Assets) license through the Cyprus Securities and Exchange Commission. This authorization lets it offer regulated crypto services across the European Economic Area (EEA). The license allows Revolut to issue, custody, and trade digital assets under EU standards.

Fintechs Race to Integrate Stablecoins

Across the industry, fintechs and payment providers are rapidly adopting stablecoins to lower transaction costs and reduce settlement delays. PayPal, for instance, launched PYUSD in 2023. Stripe began supporting USDC payouts to global merchants earlier this year. Wise has also tested blockchain transfers to cut FX fees.

However, Revolut stands out by embedding fee-free fiat-to-stablecoin swaps directly in its retail banking app. Its massive user base could accelerate adoption, especially in emerging markets where users seek faster, cheaper alternatives to traditional transfers.

Is Revolut turning into a crypto-native payment hub? Analysts suggest it may be one of the few global players linking regulated finance with blockchain-based liquidity networks.

Regulation and Compliance Pressure

The rollout comes as regulators increase scrutiny of stablecoins. The EU’s MiCA rules, active in 2025, require issuers to maintain reserves and transparent audits. Meanwhile, in the UK, the Financial Conduct Authority (FCA) is consulting on stablecoin use in payment systems, with new legislation expected next year.

Revolut’s dual setup gives it an advantage. The company operates as an e-money institution in the UK and holds a MiCA license in the EEA. Therefore, this alignment helps it meet compliance requirements while expanding its crypto services. Even so, regulators continue to debate consumer protection and the systemic risks of stablecoin payments.

Analyst Perspective: A Step Toward Tokenized Banking

“Revolut’s zero-fee swap removes the barrier between fiat liquidity and blockchain settlement,” said Elbruz Yilmaz, Managing Partner at Outrun Ventures. “This turns stablecoins from speculative assets into working-capital infrastructure.”

Additionally, analysts see the move as a shift toward tokenized banking. Financial institutions could soon use stablecoins for instant clearing and 24/7 settlements. However, challenges remain. Liquidity fragmentation, transparency, and regulatory risk could still slow adoption.

Market Context and Data

The global stablecoin market now exceeds US$175 billion in circulating supply, led by USDT and USDC, according to CoinDesk Research. As a result, Revolut’s large user base gives it strong leverage to push adoption at scale.

If even five percent of users begin using stablecoin swaps, flows could reach several billion dollars per month. Consequently, that volume could make fintech firms serious competitors to exchanges.

Stablecoins already account for more than 70% of global crypto trading volume, highlighting their role as a core settlement layer.

Outlook

Revolut’s new product reinforces its transition from digital bank to financial infrastructure player. It combines fintech scale with blockchain efficiency. Looking ahead, the company may expand into merchant payments, on-chain remittances, and cross-border settlements using tokenized assets.

Still, success will depend on user uptake, regulation, and real-world demand. As stablecoins gain mainstream traction, Revolut’s zero-fee swaps could test whether consumers are ready to move daily money through blockchain rails.

Recap

• Revolut introduces zero-fee stablecoin swaps for 65 million users
• Supports USDC, USDT, and EURC at 1:1 with no transaction costs
• MiCA-licensed and FCA-regulated to operate across EEA and UK
• Reflects fintech-crypto convergence and stablecoin mainstreaming