British fintech giant Revolut reportedly plans to launch its own stablecoin
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:财富观察)
- ·公司地磅会计分录怎么做
- ·涨停揭秘 | 国创高新首板涨停,封板资金4370.92万元
- ·数字货币平台转让
- ·比特币能跌到多少
- ·入驻香港的知名 Web3 项目,合规做得怎么样?
- ·瑞士交易所
- ·BTH币今日行情走势-bth币行情2021
- ·HTX Ventures 最新研报丨加密角度看 2024 美国大选:可能是从严监管封杀到扶持创新的转折点
- ·比特币未平仓合约突破800亿美元,市场情绪偏向看涨
- ·老哥 11 年前买了几十个比特币,密码丢失后黑客千辛万苦帮忙拿回
- ·小规模纳税人如何申请电子发票
- ·iOS下载欧意交易所官网,全方位了解与操作指南
- ·莱特币全历史行情-莱特币历史行情走势图
- ·中粮资本发生1笔大宗交易,买方为机构席位
- ·股票资金放大-股票资金放大10倍
- ·比特币价格曲线
- · okx交易所app官网链接
- · 虚拟货币交易平台有哪些
- · 欧亿交易所怎么样。
- · 虚拟货币交易
- · okb交易所官网
- · 虚拟货币交易平台排名
- · 欧易开户
- · 欧易交易所 电脑
- · 十大虚拟货币交易平台app
- · okcoin交易平台