Crypto-friendly Revolut is said to be quite far along in creating its own stablecoin, according to two people familiar with the plan.

BitGo, one of the creators of the popular Wrapped Bitcoin (WBTC), has announced plans to roll out a new stablecoin called USDS next year.

Revolut to launch a stablecoin, joining PayPal & Ripple in the expanding stablecoin market, aiming to strengthen its crypto offerings.

With Revolut in the process of launching its own stablecoin, like PayPal, it is hardly hyperbolic to say that we might be looking at a trillion dollar market

London-based fintech group Revolut reportedly wants to expand its crypto offerings with the launch of its stablecoin, joining a list of other fintech firms that seek to broaden their digital assets offerings.