Revolut Rolls Out Free Stablecoin Swaps for 65 Million Users

Revolut just dropped fees on USD-to-stablecoin conversions for its 65 million users worldwide.

Written by: Sophia Cruz • Friday, October 31, 2025 • 1 min read

• Last updated: Friday, October 31, 2025

Quick overview

Revolut has eliminated fees for USD-to-stablecoin conversions for its 65 million users, allowing swaps at exact 1:1 rates.
The service supports USDT and USDC across six blockchain networks, with the company covering the spread to maintain the 1:1 rate.
Revolut's wealth division saw a 298% revenue increase in 2024, driven by demand for digital assets and strategic regulatory moves.
The initiative positions stablecoins as practical working capital for businesses, particularly in high-inflation markets, while traditional finance companies are also exploring similar solutions.

Revolut just dropped fees on USD-to-stablecoin conversions for its 65 million users worldwide. The fintech lets people swap up to $578,630 every 30 days at exact 1:1 rates. No fees. No spreads. A dollar in gets you a dollar in stablecoins out.

The service works with USDT and USDC across six blockchain networks, including Ethereum, Solana, and Tron. Leonid Bashlykov, Revolut’s head of crypto products, said the company is covering the spread internally to guarantee that 1:1 rate as long as stablecoins hold their peg.

This mirrors what Revolut did with foreign exchange a decade ago. They made zero-commission FX trading normal for digital banking. Now they’re doing the same thing with stablecoin conversions.

Revolut’s wealth division, which includes crypto trading, posted a 298% revenue jump in 2024 to £506 million. The whole company hit record numbers: £1.1 billion in profit and £3.1 billion in total revenue. A big chunk of that growth came from people wanting access to digital assets.

The timing is strategic. Revolut secured a MiCA license from Cyprus regulators last week, which lets them offer regulated crypto services across 30 European countries.

Venture capitalist Elbruz Yılmaz pointed out the practical angle. Free 1:1 swaps turn stablecoins into working capital infrastructure instead of just speculative assets. Businesses can reduce FX losses and speed up payment cycles, especially in countries with weak currencies.

Companies in high-inflation markets like Turkey can now hold value in stablecoins without getting hit by conversion costs. That’s a real use case for treasury management.

Western Union announced similar plans this week for a stablecoin settlement system on Solana launching in 2026. Zelle and MoneyGram are making moves too. SWIFT is building a blockchain payment platform for stablecoin transfers.

Traditional finance companies are getting serious about stablecoins. Revolut’s move pushes that trend forward by making access free and simple for millions of users.

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ABOUT THE AUTHOR See More

Sophia Cruz

Financial Writer - Asian & European Desks

Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.