Revolut cancels the stablecoin exchange fee for 65 million users, as the financial giant accelerates its blockchain layout.

The new UK bank Revolut has launched a major feature: allowing its 65 million users to exchange between USD and stablecoins at a 1:1 ratio, waiving all fees, spreads, or costs within a monthly limit of up to $578,630. The service supports USDC and USDT, covering six major blockchain networks including Ethereum, Solana, and Tron. This move comes as major payment companies like Western Union, Zelle's parent company, and MoneyGram accelerate the development of blockchain and stablecoin solutions, signaling a new phase in the adoption of crypto assets by traditional finance (TradFi).

Revolut Core Breakthrough: Eliminating Friction in Fiat to Stablecoin Conversion

The new features of Revolut aim to completely eliminate all friction and costs for users converting between fiat currency and cryptocurrency, greatly enhancing the usability of stablecoins.

• 1:1 Free Exchange: Revolut announced that users can exchange between USD and supported stablecoins at a 1:1 ratio within a monthly limit of 578,630 USD, without paying any fees or spreads. Revolut will internally bear the spread costs to maintain the 1:1 exchange rate.
• Wide Support: This service supports Circle's USDC and Tether's USDT, covering Ethereum, Solana, and Tron among six blockchain networks.
• Compliance and Growth: Revolut holds nearly 35 billion USD in customer assets and last week received a MiCA regulatory license issued by Cyprus, enabling it to offer regulated encryption services in 30 European Economic Area countries.

Empowering Small and Medium Enterprises: Stablecoins Become the “Working Capital Infrastructure” for Cross-Border Payments

The 1:1 free exchange feature of Revolut has a transformative significance for cross-border payments and financial management of small and medium-sized enterprises (SMEs).

• Solve currency exchange losses: Elbruz Yılmaz from venture capital firm Outrun pointed out that this feature can help businesses in countries/regions like Turkey that face economic challenges. These businesses incur losses when converting their local currency into USD, and traditional SWIFT fees and cross-border transfer slippage further exacerbate the costs.
• Working Capital Infrastructure: Yılmaz explained that the frictionless 1:1 conversion makes stablecoin “working capital infrastructure”, meaning faster payment cycles and **better financial control for businesses.

TradFi Giants Unite: Stablecoins Become the New Battlefield for Cross-Border Payments

While Revolut actively embraces stablecoins, a number of traditional financial and payment giants such as Western Union are also accelerating their layout of blockchain technology.

• Western Union adopts Solana: Western Union announced plans to launch a stablecoin settlement system based on the Solana Blockchain in the first half of 2026. The solution will include the US Dollar Payment Token (USDPT) issued by Western Union through its digital asset network in collaboration with partnered crypto exchanges.
• Zelle and MoneyGram: The parent company of Zelle has also announced plans to launch a stablecoin for faster cross-border payments. MoneyGram stated in September that it will integrate USDC wallets for users in Colombia through its encryption application.
• SWIFT's layout: The global payment network SWIFT is also building a Blockchain payment settlement platform that will support the transfer of stablecoins and tokenized assets.

Conclusion

Revolut launches USD-stablecoin 1:1 fee-free exchange, marking a key step for traditional finance towards encryption asset infrastructure, significantly lowering the entry barrier for users and businesses. Against the backdrop of giants like Western Union collectively joining the stablecoin settlement race, the position of stablecoins as efficient cross-border payment and corporate treasury tools is further solidified. This payment revolution led by Revolut signals that Blockchain and stablecoins will accelerate their integration into the global financial mainstream.