Revolut Lets Users Swap USD Directly With USDT and USDC at 1:1

Published at 2025-11-12 23:23:03

Revolut this week rolled out a new fiat-to-stablecoin conversion feature that allows customers to swap U.S. dollars for USDT or USDC at a 1:1 rate. The U.K. fintech says conversions come with “no spreads” and “straight-up price-matching,” making the transfers effectively parity swaps; standard fees kick in only once users exceed Revolut’s volume thresholds.

The move simplifies on- and off-ramping for retail users who want stablecoins for payments, remittances or DeFi access, and could lift liquidity for USDT and USDC within Revolut’s ecosystem. It also increases competitive pressure on exchanges and wallet providers to offer cleaner fiat–stablecoin rails, while regulators watching stablecoin flows may take renewed interest as mainstream apps expand direct fiat conversions.

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The Bank of Canada has demanded stablecoins be fully backed by high-quality liquid assets to reduce run risk and protect consumers.

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Visa Expands USDC Settlement to U.S. Banks After $3.5B Pilot

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Visa launches Stablecoins Advisory Practice to help businesses adopt stablecoins

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JPMorgan Breaks Wall Street Taboo With High‑Risk Solana Move

JPMorgan issued $50 million of U.S. commercial paper for Galaxy Digital on Solana, with Coinbase and Franklin Templeton among the buyers, and settled issuance and redemptions in USDC instead of bank wires. The bank tokenized the USCP on‑chain, using crypto rails for both issuance and cash settlement.