Revolut has introduced free 1:1 USD-to-stablecoin exchanges with no fees or spreads.
The service supports USDC and USDT across six blockchains, including Ethereum and Solana.
Revolut, a digital banking platform, has introduced free currency exchange between US dollars and stablecoins to its 65 million users worldwide. The neobank is now providing precise one-to-one transactions, eliminating the customary spreads and transaction expenses that generally come with cryptocurrency on-ramping and off-ramping operations.
The new service on the platform allows users to convert up to 578,630 at a time without any charges. The project is in favour of the USDC of Circle and the USDT of Tether on 6 blockchain networks, such as Ethereum, Solana, and Tron.
Leonis Bashlykov, the head of crypto product at Revolut, highlighted that the feature removes the anxiety of switching between conventional and digital currencies. Conversion spreads will be internalized by the company to keep th
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