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The digital bank giant Revolut is exploring its own stablecoin issuance plan.
On June 20, Decrypt reported that London-based Digital Bank giant Revolut is actively exploring its own stablecoin issuance plan. Revolut serves 55 million individual users and 500,000 business clients across 160 countries, with a recent valuation of $48 billion. Revolut launched the Revolut X encryption trading platform in the EU in 2024, and two sources confirmed that Revolut has engaged in partnership discussions regarding the stablecoin plan with at least one native encryption company.