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：游戏)

• ·Can CZ return to the helm of Binance after serving his sentence at the end of the month?
• ·山西建投集团：乔建峰被免去副董事长职务
• ·白宫官员否认美国滞胀风险观点
• ·im钱包测试版
• ·celer开发平台-enhancer开发平台
• ·10月31日鹏华悦享一年持有期混合A净值增长0.16%，今年来累计上涨5.54%
• ·日本4月核心通胀率升至3.5%，创两年新高
• ·预提费用发生时如何做会计分录
• ·PancakeSwap交易量超越Uniswap，价格表现却揭示市场复杂动态
• ·岳阳兴长第二大股东湖南长炼兴长企业服务有限公司减持13万股
• ·中国比特币购买交易平台排名 币圈交易平台排行
• ·10月31日兴全汇享一年持有混合A净值增长0.17%，近3个月累计上涨6.3%
• ·速读 BTC 生态撕逼大戏：Ordinals 创始人联合社区手撕“石本聪”，欺诈及运作节点猴获利数百万？
• ·龙净环保股东上海鑫拓诚企业管理有限公司减持365.69万股
• ·小规模可以抵扣税率13%的发票吗
• ·Pump.fun 正在失去对 Solana meme 的垄断，转而接受新兴的替代品