Fintech firm Revolut plans to issue stablecoin

PANews reported on September 18 that according to CoinDesk, Revolut, a London-based fintech company that provides cryptocurrency transactions, intends to issue its own stablecoin, according to four people familiar with the matter. The company obtained a UK banking license in July and was valued at $45 billion earlier this year. It is said to have made considerable progress in creating stablecoins. When asked about its stablecoin plans, a Revolut spokesperson said the company hopes to expand its cryptocurrency products, take a compliance-first approach, and become a safe haven for the entire cryptocurrency community.