Revolut is launching a euro stablecoin into a market MiCA handed to an American company
Revolut is preparing to launch a euro-backed stablecoin, leveraging its extensive banking licenses to challenge the current market dominance of Circle’s EURC. This move comes as European MiCA regulations have inadvertently consolidated the euro stablecoin market around US-based issuers, creating a strategic opening for a European neobank. Revolut holds a full UK banking license, an EU banking license, and MiCA authorization, allowing it to issue regulated instruments directly on its own balance sheet. With 65 million users across 38 countries, Revolut possesses a distribution advantage that traditional crypto-native issuers lack. The company is simultaneously participating in the ECB’s digital euro pilot and the FCA’s stablecoin regulatory sandbox, positioning itself at the intersection of private and public digital currency development. By owning the currency issuance process, Revolut aims to bolster its valuation ahead of a potential $200bn IPO. While specific details regarding blockchain integration and reserve management remain unconfirmed, the initiative represents a significant shift in how neobanks integrate RWA tokenization into their core financial services.
- ▸Revolut holds 65 million users across 38 countries, providing massive distribution for stablecoin adoption.
- ▸MiCA regulations currently favor US-based issuers like Circle, which holds the majority of e-money token authorizations.
- ▸Revolut is developing a pound-denominated token within the FCA’s regulatory sandbox for the UK market.
- ▸The neobank reported $6bn in 2025 revenue, with crypto wealth services growing by 298%.
Revolut is a global neobank and financial technology company that provides banking services, currency exchange, and crypto-asset trading through a mobile application. It operates under multiple banking licenses across the UK, EU, and other jurisdictions, allowing it to offer regulated financial products directly to retail and business customers. The company is currently expanding its infrastructure to include the issuance of its own stablecoins, moving beyond its role as a distributor of third-party digital assets.