According to CoinDesk, the London-based fintech company Revolut, which provides cryptocurrency trading, plans to launch its own stablecoin. This information comes from four anonymous sources. Revolut, valued at $45 billion earlier this year, obtained a UK banking license in July and is reportedly making significant progress in creating the stablecoin. When asked about its stablecoin plans, a Revolut spokesperson stated that the company aims to expand its cryptocurrency offerings, taking a compliance-first approach to become a safe haven for the entire crypto community.