Revolut has rolled out a zero-fee exchange between the U.S. dollar and the two largest stablecoins – Tether (USDT) and USD Coin (USDC). According to the company, users can now convert up to €500,000 every 30 days at a fixed 1:1 rate, with no spreads or additional charges.
Leonid Bashlykov, Head of Crypto at Revolut, said that customers will receive exactly $1 in stablecoins for every $1 in cash, and vice versa. He added that the goal is to remove the remaining barriers between traditional and blockchain-based finance.
“Today marks the day we remove all anxiety and friction of moving between fiat and crypto. Ten years ago, Revolut changed how people exchanged currencies – transparent FX, no hidden markups, no crazy fees. Just simplicity and ease. Now we’re bringing the same revolution to crypto,” Bashlykov wrote on LinkedIn.
The new feature supports transactions across six blockchain networks, including Ethereum, Solana, and Tron, allowing users to deposit and withdraw without fees. Revolut noted that this approach removes the markups typically charged by crypto exchanges and trading platforms.
The update marks another step in Revolut’s broader push into digital assets. By eliminating exchange fees between fiat and stablecoins, the neobank aims to position itself as a more seamless bridge between the two financial systems.
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