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:牌价)
-
我经常点外卖,骑手戴头盔的越来越多了,安全意识越来越强,(这是)对他们的最大帮助。...[详细]
-
每次遍体鳞伤之后,我只能自己躲在角落里静静地舔伤口,然后像一只打不死的小强一样,重新开始。...[详细]
-
你知道很多人爱你,也有很多人骂你。...[详细]
-
HTC要想在这一众对手中抢夺市场份额,定然需要费一番力气的。...[详细]
-
就连我被骚扰后,来接我并送我回家的都是一个当天正好来和我谈工作的合作伙伴。...[详细]
-
实际上,这几年各行各业的创业都很火热,你可以去看一下每年有多少项目拿到天使,到年底又剩下多少,绝大多数肯定是没有办法赚到钱的。...[详细]
-
汇市导航05.21:欧美短期动能受到此支撑支持,澳美或将出现深度回调?
2.缺少可执行的实现路径 定目标是容易的,实现目标很难。...[详细]
-
然而大量媒体却不管这些,纷纷以“百元公司卖了55亿”“昔日负债2500万,如今估值55亿”等为题进行报道,许多报道甚至没有提及交易价格的下调、支付方式以...[详细]
-
万达主导的五洲发行依靠院线终端优势,在地面宣传、排片等方面都建立了巨大的优势,并能利用自己的渠道优势向竞争对手施压。...[详细]
-
SEC 指控 Unicoin 及其高管涉嫌 1.1 亿美元加密货币欺诈
不在VIP的站点,内容优质,可以被展示到时效性中;而VIP垂类开放,是针对优质的原创时效性站点,我们将会给到VIP服务,主要看内容是否优质了...[详细]