Simplifying Crypto with a 1:1 Stablecoin Conversion
Revolut, the global fintech leader, has launched a 1:1 conversion rate for stablecoin transfers.
Users can now exchange US$1 for 1 USDC (Circle) or 1 USDT (Tether) directly in the app — without any rate variation or hidden fees.
This update aims to remove the barriers between crypto and fiat money.
According to Leonid Bashlykov, Head of Product, Crypto at Revolut:
“Ten years ago, Revolut changed how people exchanged currencies – with transparency and no hidden markups. Now we’re bringing the same revolution to crypto.”
Moreover, the feature supports six major blockchain networks, including Ethereum, Solana, and Tron, allowing faster and more affordable transfers.
Regulatory Progress: MiCA Approval in Europe
Recently, Revolut Digital Assets Europe Ltd. received approval under MiCA (Markets in Crypto-Assets Regulation) from the Cyprus Securities and Exchange Commission (CySEC).
This licence allows Revolut to offer regulated crypto services across Europe.
As a result, the company can strengthen its presence in decentralized finance (DeFi) while maintaining compliance with European standards.
Global Growth and Expansion Strategy
Ranked 15th among the Top 100 FinTech Companies, Revolut continues to expand globally.
It now serves 65 million users in 38 countries, processing over 500 million transactions each month.
Furthermore, Revolut plans to invest US$13 billion over the next five years. The investment includes:
- Expanding into 30 new markets by 2030
- Allocating US$4 billion for UK operations
- Creating 1,000 new jobs in its home market
- Opening a new Canary Wharf headquarters in London
These steps reflect Revolut’s long-term commitment to growth and innovation.
Revolut and Google Cloud: A Powerful Collaboration
In addition, Revolut has deepened its multi-year partnership with Google Cloud.
The collaboration will help the fintech scale globally while maintaining strong security and performance.
Revolut will now integrate Google’s Gemini AI models into its fraud detection systems and product design processes.
This allows the company to analyze transaction data in real-time and improve customer safety.
“Our partnership with Google Cloud enables Revolut to operate securely at massive scale,” said a company spokesperson.
Meanwhile, the expansion supports Revolut’s target of reaching 100 million customers worldwide.
Navigating Regulations and UK Banking Ambitions
In 2024, Revolut received a restricted UK banking licence after a long three-year process.
It is now working closely with regulators to move its 11 million UK customers into a full-service bank.
The restricted licence lets Revolut prepare for new services such as credit cards, loans, and mortgages in the UK.
Notably, Revolut already offers these products in Europe under a licence from Lithuania, granted in 2021.
According to CNBC, the company expects to launch its full UK bank soon.
The Road Ahead: Decentralized Finance and AI Integration
By combining AI technology from Google Cloud with its 1:1 stablecoin feature, Revolut is reshaping how users experience money transfers.
This integration brings crypto, AI, and banking closer together than ever before.
Overall, Revolut’s new initiatives highlight a clear goal: to make financial services transparent, borderless, and intelligent.
Conclusion
Revolut’s 1:1 stablecoin conversion and expanded Google Cloud partnership show its mission to simplify global payments.
With steady regulatory progress, bold investments, and smart use of AI, the company is building the next generation of digital banking.