Revolut launches zero-fee stablecoin conversions for 65 million users 😳🪙; OpenAI & Nubank team up to democratize AI access in Brazil 🇧🇷🤖; What’s really happening at Monzo? 🤔🇬🇧

FinTech is Eating the World, 31 October

Hey Everyone,

Good morning & happy Friday! Today’s issue is the best one yet as we’re looking into Revolut, which just launched zero-fee stablecoin conversions for 65 million users (what’s the pay here & why it matters + bonus dives into Revolut, recap of the most interesting stables infra M&As and the ultimate list of stablecoin resources inside), AI giant OpenAI that just teamed up with Nubank to democratize AI access in Brazil (what’s the USP here & why it could be huge + bonus dives into how PayPal & OpenAI are reinventing commerce and NU’s war againts US neobanks), and see what’s really happening at Monzo (why CEO TS Anil actually stepped down, what does it tell us and what can we expect next). Let’s jump straight into the fascinating stuff 🌶️

Revolut launches zero-fee stablecoin conversions for 65 million users 😳🪙

The news 🗞️ Revolut, the UK-based FinTech giant serving over 65 million users globally, has just enabled seamless conversion between US dollars and major stablecoins at a true one-to-one ratio without any fees or spreads.

The feature currently supports Circle’s CRCL 0.00%↑ USDC and Tether’s USDT across multiple blockchain networks, including Ethereum, Solana, and Tron.

Let’s take a look at this, understand why it matters, and what this means for the future.