Lede
Fintech platform Revolut has reported a period of exponential growth in stablecoin adoption throughout 2025, signaling a significant shift in how digital assets are integrated into traditional banking services. According to recent data, stablecoin payment volumes on the platform surged by 156%, reaching a total of $10.5 billion over the course of the year. This growth highlights the increasing role that stablecoins are carving out within the global payments landscape, as users move away from purely speculative trading toward functional transactional use cases. The surge in volume is indicative of a broader market trend where digital assets are becoming a staple of modern financial portfolios for a growing number of international users.
The rise in volume has also fundamentally impacted the platform’s overall payment ecosystem and market share. The share of stablecoin volume relative to Revolut’s total payment volumes nearly doubled during 2025, climbing to 0.583%. While this percentage represents a relatively small portion of the platform’s total activity in absolute terms, the trajectory suggests a rapid acceleration in user preference for blockchain-based settlement over traditional fiat methods. This trend is supported by institutional moves to simplify access to digital assets, making it easier for retail customers to engage with stablecoins for everyday financial needs. The doubling of market share within a single year underscores the speed at which stablecoins are gaining traction among mainstream banking customers.
Context
In October, Revolut strengthened its commitment to the digital asset sector by introducing a new feature that allows users to exchange US dollars for USDC and USDT stablecoins. This service is offered at a 1:1 rate and notably operates without commissions or hidden fees, removing significant barriers to entry for retail participants. By simplifying the conversion process and eliminating the costs typically associated with acquiring digital assets, the platform has encouraged a more consistent flow of liquidity into stablecoins, which has directly contributed to the recorded volume increases throughout the year. The move positioned the firm as a primary gateway for users looking to enter the stablecoin ecosystem without the complexity of external exchanges.
Analysis of user behavior on the platform reveals that stablecoins are increasingly used for medium-sized, everyday transactions rather than just large-scale institutional transfers or high-frequency trading. The most common transfer amount range observed on Revolut was between $100 and $500. These transactions account for a substantial portion of the activity on the platform, representing between 30% and 40% of all stablecoin transactions. This concentration in the mid-range suggests that stablecoins are becoming a practical tool for retail users managing routine payments and peer-to-peer transfers. The data indicates that users are finding utility in stablecoins for values that mirror typical daily spending or small-scale savings transfers, bridging the gap between digital and traditional finance for the average consumer.
Impact
The distribution of stablecoin volume across different blockchain networks shows a clear preference for established infrastructure within the Revolut ecosystem. Ethereum remains the dominant network for these users, capturing over two-thirds of the platform’s total stablecoin volume. Despite higher transaction costs often associated with the network, its security and widespread adoption continue to attract the majority of retail and institutional flow. Tron has emerged as the second most popular network on the platform, accounting for 22.8% of the volume, likely due to its role in facilitating efficient and low-cost stablecoin transfers. This multi-chain activity demonstrates that users are selecting networks based on specific needs such as security or speed depending on their specific transactional requirements.
The broader stablecoin market currently sits at a valuation of $312 billion, reflecting a robust environment for digital dollar equivalents globally. The growth seen on platforms like Revolut mirrors a global trend toward the tokenization of cash and the increasing legitimacy of digital assets. The US Treasury has previously estimated that the stablecoin market could reach a valuation of $2 trillion by 2028. This projection aligns with the increasing integration of stablecoins into the regulated financial sector, as traditional banking entities and fintech firms develop the infrastructure necessary to support large-scale adoption. The scaling of the market suggests that stablecoins are moving from the periphery of finance to a core component of the global monetary system, with significant room for expansion.
Outlook
Looking toward the end of the decade, the growth of stablecoin payment flows is expected to continue at a rapid pace across the entire financial industry. Bloomberg Intelligence has predicted that these flows will increase at a Compound Annual Growth Rate of 81%, potentially reaching a total of $56.6 trillion by 2030. This long-term forecast is driven by the continued expansion of retail adoption and the entry of major payment processors into the stablecoin ecosystem. The transition toward blockchain-based settlement is no longer limited to fintech-native platforms, as established financial institutions prepare to launch their own solutions to remain competitive in a digital-first economy. This forecast highlights the massive scale that tokenized payments are expected to achieve.
The coming years will see several major industry milestones that could further accelerate this trend and expand the utility of stablecoins. Western Union is scheduled to launch a stablecoin settlement system on the Solana network during the first half of 2026. Additionally, other major payment services like MoneyGram and Zelle are in the process of rolling out stablecoin-based solutions intended to facilitate faster cross-border payments. These developments suggest that the infrastructure for global remittances and everyday retail payments is undergoing a fundamental transformation. As more traditional players adopt these technologies, stablecoins are likely to serve as the primary medium for high-speed, cost-effective transfers on a global scale, fundamentally altering the speed and efficiency of the modern financial system for all participants.
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