Revolut removed the swap charge for stablecoin-to-stablecoin conversions across its 65 million-strong user base. The move cuts the hassle of getting cash in and out of the platform, touches both everyday clients and internal teams, and is expected to speed up how often stable digital assets change hands.
Users from Revolut can now convert one stablecoin into another without a direct charge, which makes the app smoother to use and may pull more people into the ecosystem. Free swaps help liquidity inside the app, yet they also add strain on surveillance if the firm does not spell out who holds the coins and what backs them.
Product teams benefit because the cost barrier disappears, letting them move funds and try out treasury plans with tokenised money more freely. Compliance staff face extra work, checking that know-your-customer and anti-money-launder controls still spot suspicious activity when small, rapid trades multiply.
Day-to-day the change alters the gap between buy and sell prices and the way users time their deposits and withdrawals. Big investors or managers of tokenised funds need to check if the platform has enough orders on the book as well as solid trade rails so that large deals do not move the quote.
Product teams must decide how much users may swap, how fast the money settles and which coin pairs stay open.
A key decision to build user loyalty at Revolut
Stablecoins will trade more often and the in app exchange button will see heavier use. If volume jumps and the order book stays thin, spreads may widen and execution may slip.
The firm will need tighter tracking, lower ceilings per trade and sharper AML/KYC filters for high speed, high count deals. Revolut may recoup the lost fee through wider currency exchange mark-ups or paid premium tiers.
Whether users adopt the feature en masse and how it alters liquidity and cost will hinge on the limits Revolut sets and on how it handles custody and trade execution. The next signal to watch is the release of detailed rules and volume numbers to show if spreads tighten or widen and if regulators step in.
