Revolut is working with Ethereum overlay provider Polygon Labs to enable its customers in the UK and EEA to make crypto fund transfers in USDC, USDT and POL, via the Polygon blockchain and the Revolut app.
The European fintech giant, which serves more than 65 million users across 38 countries, began enabling stablecoin transfers through the Polygon integration in December 2024 and has since processed more than $690 million in Polygon-based transactions, with near-instant transfers and minimal gas fees, according to a press release issued Tuesday.
“Revolut is now enabling USDC and USDT support on Polygon for customers,” a Revolut spokesperson told CoinDesk in a Telegram message. “This is the first time these assets have been active in Revolut on Polygon and the first time users can actually send/receive them.”
Revolut joins a growing number of institutions integrating Polygon for money movement, including Stripe, Flutterwave, DeCard by DCS, Reliance Jio and more, underscoring Polygon’s foundation as a global financial infrastructure.
“This integration with Revolut represents exactly the type of real-world utility for everyday people that we are looking towards,” said Marc Boiron, CEO of Polygon Labs. “By making blockchain payments invisible to the end user, integrating them with everyday traditional payment experiences, and delivering greater speed and cost-effectiveness, we see the future of finance unfolding,” he said.
The Revolut remittance product applies to non-EU countries when referring to the EEA, a Revolut representative confirmed, taking into account the EU’s regulatory approach to certain stablecoin providers, including Tether’s USDT.
