Revolut Accelerates in Crypto: Stablecoins, Trading, and Payments at the Heart of Its Strategy

Revolut is no longer just integrating cryptocurrencies into its banking app. With the launch of EURR, the development of Revolut X, and its new regulatory initiatives, the fintech is building a much broader crypto offering. Maxim Krasnov, founder of Construct.tech, analyzes this evolution as a rapprochement between banking and digital assets. His analysis particularly highlights the role of Bridge, a company owned by Stripe, in the issuance of the stablecoin. This strategy is now extending to multiple markets and various uses.

In Brief

• Revolut launches EURR, its euro stablecoin issued by Bridge, a company owned by Stripe.
• The fintech is also exploring a stablecoin in British pounds within the FCA's regulatory sandbox.
• Revolut X and staking enhance its trading and investment offerings in crypto assets.
• Revolut continues its regulatory expansion with MiCA in Europe and a future bank in the United States.
• Stablecoins, trading, payments, and banking services could soon form a unified crypto ecosystem.

Revolut Transforms EURR into a Gateway Between Banking and Blockchain

Revolut has launched EURR as its first euro-backed stablecoin. The fintech announced in a statement the gradual rollout of this token to eligible customers in Denmark, Poland, and Portugal. The launch is taking place on Ethereum and is intended to facilitate the transfer of value between fiat currency, crypto, and external wallets. Revolut also plans to gradually expand the availability of EURR to other markets.

However, one detail distinguishes this operation from fully internal token creations. Revolut does not hold the role of issuer of EURR, as Bridge Building performs this function according to the same statement. Bridge is owned by Stripe, which has strengthened its activity in stablecoin infrastructure with this company. Thus, Revolut retains distribution, user experience, and access to the product from its banking app. This separation allows the fintech to rely on specialized infrastructure.

This is precisely the model that Maxim Krasnov, founder of Construct.tech, emphasizes in his analysis published on LinkedIn. According to him, Revolut is becoming a gateway to on-chain markets directly from a banking app. The interest therefore does not solely rest on the creation of a new European stablecoin. The combination of massive distribution, banking services, and access to blockchain constitutes the real strategic challenge.

Revolut's blockchain strategy revolves around cryptocurrency trading, stablecoins, crypto services, and digital asset payments. Source: LinkedIn / Maxim Krasnov.

After the Euro, Revolut Experiments with a Stablecoin in British Pounds

Revolut's strategy does not stop at EURR. In the UK, the fintech is exploring a stablecoin denominated in British pounds as part of the Financial Conduct Authority's Regulatory Sandbox. The FCA has indicated that the project aims for an asset designed to maintain a value of 1 to 1 with the pound. The associated reserves must also be denominated in GBP.

This experimentation remains different from a confirmed commercial launch. The FCA uses its sandbox to allow companies to test products in a controlled environment. Revolut is one of four companies selected in the cohort dedicated to stablecoins. The regulator particularly wants to observe uses related to payments, settlement, and crypto trading.

This approach mainly shows that Revolut is considering multiple currencies rather than a single stablecoin. The company already has a favorable environment to connect traditional currencies and digital assets. EURR brings this logic to the euro, while the British project explores an extension towards the pound. Revolut could thus gradually develop a multi-currency infrastructure suited for transfers and crypto uses.

Trading, Staking, and Exchange: Revolut Expands Its Crypto Offer

The stablecoin constitutes only a part of this strategy. Revolut is also developing Revolut X, a platform aimed at users who wish to access more advanced trading functions. The platform notably offers market orders and limit orders, as well as access to over 300 tokens according to its current presentation. It also allows for the automation of certain strategies through its API.

This infrastructure changes the role of crypto in the Revolut ecosystem. Casual users can continue to buy and sell assets from the main app. More active traders have a distinct environment with tools tailored to their needs. The API allows for retrieving market data and sending orders programmatically.

Staking complements this offer with another source of use for crypto asset holders. Revolut currently offers staking on several networks, including Ethereum, Solana, and Polkadot. Rewards remain variable and depend notably on the specific conditions of each network. The platform also specifies that assets may remain locked for certain periods.

Regulation Becomes a Central Piece of Revolut's Strategy

In Europe, Revolut has already strengthened its regulatory framework for its crypto activities. Revolut Digital Assets Europe Ltd holds a CASP license granted by CySEC in Cyprus under the MiCA regime. This authorization covers notably custody, transfers, and several crypto asset exchange services. CySEC also confirms the existence of cross-border services to other member states.

The UK plays a different role in this architecture. Revolut is testing its GBP stablecoin project there with the support of the FCA's sandbox. This approach allows the company to explore a new product while considering the future UK regulatory framework. The fintech is thus advancing on two complementary fronts, with MiCA in Europe and regulatory experimentation in the UK.

In the United States, the ambition becomes even greater. Contrary to Maxim Krasnov's assertion regarding a "California bank charter", the official documents from the CAS and the press release from September 3 indicate that the fintech has obtained approval to create Revolut Bank US, N.A., with a proposed headquarters in Stamford, Connecticut. The OCC approved the application on September 2, 2026, while Revolut speaks of a conditional approval and specifies that further validations are necessary from the FDIC, the Federal Reserve, and the OCC. The launch of this bank is expected for 2027.

Revolut is also advancing in the United Arab Emirates market. In July 2026, the fintech received a principle approval from VARA to offer several services related to virtual assets. This authorization specifically concerns brokerage, management, and exchange of crypto assets. However, this is a preliminary regulatory step and not a definitive operational license.

From Cryptocurrencies to Payments: Revolut Aims to Close the Loop

The last piece of the puzzle concerns payments. Revolut already allows its customers to use a Crypto Card to spend their digital assets. Its crypto terms also mention the possibility of buying, selling, holding, transferring, and spending crypto assets from its environment. This integration thus directly connects the holding of crypto with the everyday use of money.

The logic becomes clearer when observing all the components. Trading attracts active users, while staking gives a new utility to held assets. Stablecoins then add a layer of on-chain settlement between traditional currency and crypto. Cards and payments can finally transform this digital value into a common means of expenditure.

Maxim Krasnov's analysis makes perfect sense in this configuration. His observation does not only focus on EURR, but on the convergence between banking services and digital assets within a single product. Revolut is gradually building a chain that links trading, stablecoins, regulated services, and payments. This architecture could become one of the main differentiating factors of the fintech compared to traditional exchanges and conventional banks.

In the long run, the next step could therefore go beyond the simple launch of new tokens. If Revolut manages to bring together banking, trading, stablecoins, and payments into a unique experience, crypto could become a native infrastructure of its financial services. EURR, the GBP project, Revolut X, and the future American bank already constitute the main building blocks of this evolution. The question will now be how far Revolut can integrate these services while maintaining a coherent regulatory framework in each market.