Revolut now allows users to convert fiat to stablecoins like USDC and USDT without fees, ensuring a 1:1 exchange rate. This new feature also supports stablecoin transfers across various blockchains and offers linked spending options with Visa and Mastercard.

Revolut has obtained a Markets in Crypto-Assets (MiCA) license from the Cyprus Securities and Exchange Commission, allowing it to provide regulated cryptocurrency services across the European Economic Area. This move supports its plans to enhance its crypto offerings, including the launch of an upgraded platform with numerous tokens and zero-fee staking. The Cyprus hub will serve as a central point for its operations as MiCA regulations come into effect in the EU.