Revolut Adopts Polygon for $690 Million Stablecoin Transactions
Revolut expands its Polygon integration to support USDC, USDT, and POL transfers in the UK and EEA, highlighting rapid institutional adoption of blockchain-based remittances.
According to an official statement, Revolut has expanded its December 2024 Polygon integration to enable users in the UK and European Economic Area to send and receive USDC, USDT, and POL stablecoins via the Polygon blockchain. Since launch, the fintech’s 65 million customers have conducted over $690 million in Polygon-based transactions with minimal fees and near-instant settlement. This marks the first availability of USDC and USDT on Revolut’s Polygon infrastructure. Revolut joins Stripe, Flutterwave, DeCard by DCS, and Reliance Jio in leveraging Polygon for money movement, signaling growing institutional adoption of blockchain payments.
- Polygon: A blockchain network offering fast, low-cost transactions and scalability for Ethereum-based applications.
- Stablecoin: A cryptocurrency pegged to a stable asset like the US dollar to reduce volatility.
- USDC/USDT: USDC (USD Coin) and USDT (Tether) are popular stablecoins pegged to the US dollar, often used for transfers and payments.