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The stablecoin race is intensifying. Two of the financial sector’s most recognisable names – UK-based neobank Revolut and global payments giant Fiserv – are poised to deepen their presence in the digital asset space, with each developing their own stablecoin offerings.
The moves underscore a broader industry pivot toward regulated, fiat-backed digital currencies as institutions seek to modernise payments infrastructure.
Revolut and Fiserv stablecoin launches
Revolut Eyes Stablecoin
Revolut, which boasts more than 55 million retail users and half a million business customers globally, is reportedly advancing plans to issue its own stablecoin.
According to sources cited by Decrypt, the fintech is engaged in discussions with at least one crypto-native firm to build the asset, as part of a broader strategy to solidify its footprint in digital finance.
This initiative follows the 2024 launch of Revolut X, the firm’s centralised crypto exchange serving EU users.
A year on, the company appears ready to capitalise on the regulatory tailwinds that are reshaping the landscape.
While a spokesperson declined to confirm specific plans, Revolut reaffirmed its ambition to become the most trusted crypto services provider across the UK, EEA, and beyond, underpinned by a “compliance-first” approach.
Market observers note that Revolut’s potential entry into stablecoins comes as major non-crypto firms – including Amazon, Walmart, and Expedia – contemplate launching their own fiat-backed tokens.
The recent passage of the GENIUS Act through the US Senate has sparked renewed interest in the sector, laying the groundwork for a regulated environment conducive to institutional participation.
Fiserv Launches FIUSD: A Stablecoin at Scale
While Revolut remains in exploratory mode, Fiserv has gone public with its stablecoin plans.
The company has announced FIUSD, a new digital asset to be embedded within its vast banking and merchant payments infrastructure.
Backed by existing relationships with 10,000 financial institutions and six million merchants processing over 90 billion transactions annually, FIUSD is expected to achieve instant scale.
Developed in collaboration with Paxos and Circle, FIUSD will operate across trusted blockchains including Solana, offering programmability and interoperability with other stablecoins.
Crucially, Fiserv will integrate FIUSD into existing client workflows at no extra cost, a move designed to expedite adoption across its network.
The company is also exploring deposit tokens as a more capital-efficient model for banks, aiming to preserve the benefits of stablecoins – such as 24/7 settlement and enhanced efficiency – within a structure more aligned with traditional regulatory expectations.
“Fiserv is uniquely positioned to lead the institutional transition to blockchain-based payments,” said COO Takis Georgakopoulos.
“With our scale, we can deliver stablecoin-powered services that are both innovative and trusted.”
Stablecoins Enter the Institutional Mainstream
The momentum behind stablecoins is unmistakable.
Bank of America, JP Morgan, Citi and others are now publicly considering digital currency issuance, driven by clearer regulatory frameworks and intensifying demand for programmable money.
Analysts predict a rapid proliferation of stablecoin offerings, with new entrants vying to challenge incumbents such as Tether and Circle in a market already worth $251 billion.
As Revolut and Fiserv signal their intent, it’s clear that stablecoins are no longer a fringe innovation.
Instead, they represent a critical pillar in the future of institutional finance – combining blockchain-native capabilities with the trust and scale of traditional banking.
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