News linked to both this project and an event.
Odaily Odaily News Fintech company Revolut has reached a valuation of $115 billion in a secondary stock sale for employees, making it the most valuable private company in Europe. Revolut disclosed a pre-tax profit of $2.3 billion and revenue of $6 billion for 2025. Its main app allows users to trade over 200 crypto tokens, transfer assets to external wallets, and stake holdings. The company also operates a standalone crypto exchange, Revolut X. Revolut recently secured a full UK banking license and is seeking a US national banking license. The company's IPO valuation target is $200 billion.
the European Central Bank (ECB) has selected 36 banks and payment companies to participate in the digital euro pilot project, preparing for the potential issuance of a Central Bank Digital Currency (CBDC) possibly in 2029. Selected institutions include Deutsche Bank, Revolut, Adyen, SumUp, UniCredit, and Worldline. The list was selected from 50 applicant institutions.The digital euro pilot program is scheduled to launch in the second half of next year, lasting for 12 months. It will test the Beta version of the digital euro across various payment scenarios, including: online person-to-person transfers, offline payments, in-store payments, and e-commerce payments. The pilot scope will cover the ECB and the central banks of 19 eurozone countries. ECB employees and staff from national central banks will participate as users, while some restaurants, cafes, and online merchants will support digital euro payments.Although the digital euro currently lacks legal tender status, its design will closely align with the relevant legislative framework being developed by the European Union. The ECB stated that the final decision on whether to issue a digital euro will await the passage of relevant regulations and a decision by the ECB's Governing Council.One of the key reasons for the ECB's push for a digital euro is concern that the development of private dollar-pegged stablecoins could impact Europe's monetary sovereignty. In recent years, dollar-backed stablecoins like Tether's USDT and Circle's USDC have grown rapidly in global payment volumes, drawing the attention of European regulators to financial autonomy.However, the CBDC project still faces privacy controversies. Some privacy advocacy groups worry that a central bank digital currency could lead to transaction tracking or even pose a risk of restricted account access. In contrast, the United States has recently passed laws restricting the Federal Reserve System from issuing a digital dollar before the end of 2030.Currently, Europe's digital euro project is entering its practical testing phase, while EU legislative bodies are advancing the relevant legal framework. If the regulatory process proceeds smoothly, the digital euro could potentially be officially launched as early as 2029. (CoinDesk)
According to Cointelegraph, crypto-friendly digital banking platform Revolut announced that it will cease support for USDT in the European Economic Area (EEA) and Swiss markets by August 31, 2026, with other markets remaining unaffected. Revolut stated that this move stems from regular reviews of crypto services and risk considerations under the EU MiCA regulatory framework. Currently, Revolut has already removed USDT trading pairs for EEA users from its Revolut X trading platform. It is worth noting that Switzerland is not a member of the EU or EEA and is not directly bound by MiCA, yet Revolut has not provided an explanation for including Switzerland in the affected markets. This delisting decision aligns with the overall trend of crypto platforms in the EU—since Tether chose not to apply for authorization under the MiCA framework, multiple platforms have successively delisted USDT.
Sky (formerly MakerDAO), in collaboration with Spark and Uniswap, announced that the initial 150 million in liquidity for FX Layer, a stablecoin exchange system jointly developed by the three parties, is entirely sourced from the Sky ecosystem's stablecoin USDS. As the platform's core pricing asset, USDS provides base liquidity for USDS/USDT and USDS/PYUSD trading pools, marking the first large-scale implementation of this shared liquidity framework.The long-term plan for the three parties is to introduce institutions engaged in stablecoin operations, such as PayPal's PYUSD, Ripple's RLUSD, Robinhood, and Revolut, to access the unified infrastructure. This eliminates the need for each issuer to independently build liquidity pools and market-making systems. Simultaneously, a governance mechanism will be established to allow idle funds not involved in market-making to generate ongoing returns.Looking back to June 25th, Spark and Uniswap officially announced the launch of FX Layer. The division of roles is clear: Spark acts as the orchestration layer to allocate cross-stablecoin liquidity, while Uniswap v4 executes transaction paths via its programmable AMM mechanism through the DualPool hook. It offers a one-stop stablecoin exchange service for banks, fintech companies, and payment enterprises.
According to CoinDesk, Revolut plans to launch its U.S. banking services in 2026, offering FDIC-insured accounts, stablecoin services, multi-currency deposits, and cryptocurrency trading.
fintech company Revolut has announced the launch of its first physical crypto debit card, featuring a Dogecoin theme and an LED display that lights up when users tap to pay.The card is usable at merchants that accept Visa and Mastercard, and will initially be rolled out in the UK and the European Economic Area.This launch comes amid sustained growth in crypto card usage. Platforms such as Crypto.com, Coinbase, and Binance are all expanding their crypto card services, while Gemini also regards its credit card business as a key source of revenue growth. Data shows that daily transaction volumes for crypto cards have repeatedly exceeded 100,000 in recent times, indicating that payment scenarios within the industry are continuing to expand.