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Revolut’s Stablecoin Business Expands 156% Amid $1.3 Trillion Transaction Surge

Revolut reports a significant growth in stablecoin trading volume, driven by its RevolutX platform and MetaMask partnership, contributing to a $4.1 billion stablecoin volume in 2024.

Summary

Revolut’s stablecoin trading volume surged by 156% in 2024, totaling $4.1 billion, as part of a broader $1.3 trillion in transactions processed by the digital bank. This growth was spurred by RevolutX, its crypto trading platform, and the Revolut Ramp integration with MetaMask.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset such as the U.S. dollar to reduce volatility.
  • RevolutX: Revolut’s crypto trading platform enabling digital asset purchases and exchanges.
  • Revolut Ramp: A partnership between Revolut and MetaMask allowing direct transactions from Revolut to the crypto wallet.