PANews reported on October 31 that, according to Cointelegraph, UK fintech company Revolut has launched a 1:1 exchange function between the US dollar and stablecoins (including USDC and USDT), supporting six blockchains including Ethereum, Solana, and Tron. Users can exchange up to $578,000 every 30 days without paying transaction fees or exchange rate spreads. Revolut stated that this move aims to simplify the conversion process between fiat currency and cryptocurrency, eliminating operational pain points.

Furthermore, Revolut recently received a Crypto Asset Market Regulatory License (MiCA) from the Cyprus Securities and Exchange Commission, allowing it to offer regulated crypto services in 30 countries within the European Economic Area. Revolut currently supports trading in over 200 crypto tokens and offers crypto payment options for everyday spending.

Industry insiders point out that this feature will have a significant impact on small and medium-sized enterprises in countries facing economic difficulties. For example, Turkish companies can reduce currency exchange losses and cross-border transfer fees, and optimize their capital management.