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Revolut Follows Ripple With New Stablecoin Launch

September 19, 2024

Ripple Unicorn News - September 19, 2024

Following in the footsteps of industry leaders like Ripple, Revolut has announced the launch of its own stablecoin. This strategic move aims to enhance Revolut's digital asset offerings with a focus on compliance and reliability in the cryptocurrency market.

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( 00:00:32 ) Revolut Expands Into Stablecoin Market Following Ripple's Lead

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On September 18, 2024, London-based fintech giant Revolut announced its plans to launch its own stablecoin, marking a significant expansion in its digital asset offerings. This move positions Revolut alongside other major players in the stablecoin market, such as Ripple. The introduction of the stablecoin is part of Revolut's broader strategy to enhance its cryptocurrency services, with a strong emphasis on a compliance-first approach to ensure safety and reliability within the crypto community.

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