Revolut Surpasses $1.2 Billion in Stablecoin Cross-Border Transfers via Polygon

Revolut, a leading European fintech company, has achieved a major milestone in its adoption of blockchain technology. According to an official announcement by Polygon, Revolut's on-chain transaction volume has surpassed $1.2 billion. This significant figure underscores the growing importance of blockchain in facilitating cross-border transactions and highlights Revolut's commitment to exploring new avenues in financial innovation.

The news comes as Revolut continues its efforts to expand its presence in the US market. The company has submitted applications to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to obtain a national banking license, which would enable it to access the Fedwire and ACH systems, provide FDIC-insured deposit services, and conduct business across all 50 states under a unified federal framework.