Revolut gears up to enter the stablecoin arena, challenging PayPal and Tether 😳🪙; Brex aims to revolutionize B2B payments with new embedded solution 👀💳

FinTech is Eating the World, 19 September

Hey Everyone,

Good morning & happy Friday! On today’s FinTech radar, we have Revolut which is gearing up to enter the stablecoin arena, challenging PayPal & Tether (what’s happening & whether it makes sense + lots of bonus dives into Revolut, Stables & more!), and Brex which aims to revolutionize B2B payments with new embedded solution (why it’s a brilliant move & what can we expect next + a bonus reads on Brex). So let’s just jump straight into the cool stuff 🌶️

Revolut gears up to enter the stablecoin arena, challenging PayPal and Tether 😳🪙

The news 🗞️ Revolut, the London-based FinTech giant that recently secured a whopping $45 billion valuation, is reportedly in the advanced stages of developing its own stablecoin.

This move would place Revolut alongside other major players in the rapidly growing stablecoin market, including PayPal PYPL 0.00%↑, Tether, and Circle.

Let’s take a quick look at this, see what it’s all about and what’s next.