Revolut Enlists Polygon for Stablecoin Remittances in UK and EEA

Revolut is working with Ethereum overlay system provider Polygon Labs to enable its customers in the UK and EEA to make crypto remittances in USDC, USDT, and POL, via the Polygon blockchain and the Revolut app.

The European fintech giant, which services over 65 million users across 38 countries, first starting enabling stablecoin transfers over Polygon integration back in December 2024 and since then has processed over $690 million in Polygon-based transactions, with near-instant transfers and minimal gas fees, according to a press release on Tuesday.

"Revolut is now switching on USDC and USDT support on Polygon for customers," a Revolut spokesperson told CoinDesk in a Telegram message. "This is the first time those assets are live inside Revolut on Polygon and the first time users can actually send/receive them."

Revolut joins a growing number of institutions integrating on Polygon for money movement, including Stripe, Flutterwave, DeCard by DCS, Reliance Jio, and many others, underscoring Polygon’s foundation as global financial infrastructure.

"This integration with Revolut represents exactly the kind of real-world utility for everyday people we've been building toward,” said Marc Boiron, CEO of Polygon Labs. “By making blockchain payments invisible to the end user, integrated with everyday traditional payment experiences, and delivering superior speed and cost efficiency, we're seeing the future of finance unfold,” he said.

The Revolut remittance product applies to non-European Union countries when referring to the EEA, a representative for Revolut confirmed, taking into account the EU’s regulatory approach to certain stablecoin providers, including Tether’s USDT.