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:基金专题)
-
聆听 DeAI 脉动,在狮城与 Sahara 共话「 AI/ALL Summit Singapore」!
读,也就是阅读,阅读书籍,阅读各种文章,在大量阅读中形成自己的观察和观点。...[详细]
-
当然,以上是初步分析,具体情况还要通过相关案例来辅证,大家也可以尝试刷刷某个词的一些相关数值,来观察其在微信指数上的指数变化,来确定微信指定的算法原理。...[详细]
-
尽管这些内容文化类的头部部队偶尔会遇到社会上褒贬不一的议论,但在这个过程里,真格基金始终保持着前所未有的积极心态,一直在拥抱这些有才华的内容创业者。...[详细]
-
之后,科视视光会向家长和“视力异常”的孩子销售美国“欧几里得”角膜塑形镜,虽然只有一种型号其却被分成四种型号进行销售,价格从5800元到13800元...[详细]
-
(麻晓超)document.writeln('关注创业、电商、站长,扫描A5创业网微信二维码,定期抽大奖。...[详细]
-
而所谓的各种思维不过是在寻找更好的表现形式让总分总更容易理解和操作而已。...[详细]
-
依然将资源聚焦在有桩自行车 截至2016年12月31日,常州永安公共自行车系统覆盖了全国210个市县,分布在29个省、直辖市、自治区、特别行政区;累计建设约3.2万个公共自行车站点,投放约89万...[详细]
-
其实,这些所谓的各种思维和理论,其本质和原理都差不多,万变不离其宗,只是表现形式有所区别。...[详细]
-
相比于其他电商的猛打广告,以及企业负责人出席各种论坛、演讲和聚会,毕胜一直很低调。...[详细]
-
被质疑卷款跑路,创始人回应:会退款 友友用车此前曾宣布公司拥有自有车辆300辆,分布在写字楼、小区、郊区等地近70个网点。...[详细]