TLDR
- Revolut has integrated Polygon blockchain to enable stablecoin remittances in USDC, USDT, and POL for customers in the UK and non-EU EEA countries
- The fintech company’s 65 million users across 38 countries have already processed over $690 million in Polygon-based transactions since the integration went live in December 2024
- Users can now send and receive stablecoins with near-instant transfers and minimal gas fees covered by Revolut
- The integration includes POL token staking and in-app crypto card payment features directly within the Revolut app
- Polygon is becoming the preferred blockchain infrastructure for major payment companies including Mastercard, Stripe, and Flutterwave
Revolut has expanded its cryptocurrency services by partnering with Polygon Labs to offer stablecoin remittances to customers in the United Kingdom and European Economic Area countries outside the European Union. The integration allows users to transfer USDC, USDT, and POL tokens through the Polygon blockchain directly within the Revolut app.
The European fintech giant serves over 65 million users across 38 countries. The company first launched its Polygon integration in December 2024 and has since processed more than $690 million in transactions using the network.
A Revolut spokesperson confirmed this marks the first time USDC and USDT are available on Polygon within the Revolut platform. Users can now actively send and receive these stablecoins through the integration.
The service provides near-instant transfers with minimal transaction costs. Revolut covers gas fees on eligible transfers, making cross-border remittances free for users.
The integration includes additional features beyond basic transfers. Users can stake POL tokens and make crypto card payments directly through the app. Native on-ramps and off-ramps are built into the Revolut application for seamless conversion between traditional currency and cryptocurrency.
Payment Industry Adopts Polygon Infrastructure
The Revolut integration represents part of a broader trend among financial institutions. Stripe, Flutterwave, DeCard by DCS, and Reliance Jio have also integrated Polygon for payment processing.
Mastercard recently selected Polygon to power its Mastercard Crypto Credential identity solution for self-custody wallets. Mercuryo became the first user of this service. DeCard is also using Polygon for its new merchant stablecoin feature.
Marc Boiron, CEO of Polygon Labs, described the Revolut integration as delivering real-world utility for everyday users. The partnership aims to make blockchain payments invisible to end users while maintaining speed and cost efficiency.
Regulatory Considerations
The remittance product applies specifically to non-European Union countries within the EEA designation. This approach accounts for the EU’s regulatory stance on certain stablecoin providers, including restrictions affecting Tether’s USDT.
Revolut confirmed these geographic limitations reflect compliance with European regulatory frameworks. The service remains available to UK customers following Brexit.
Polygon has approximately $3.2 billion worth of stablecoins issued on its network. The blockchain has positioned itself as infrastructure for global financial services.
The first phase of collaboration between Revolut and Polygon focuses on stablecoin transfers, payments, and trading functionality. Both companies have indicated this represents an initial stage of partnership.
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