Revolut has launched a significant new feature, offering users direct 1:1 conversion between U.S. Dollars and major stablecoins, including Tether (USDT) and USD Coin (USDC). The service operates with zero spread, meaning customers receive exactly $1.00 in stablecoins for every $1.00 in cash, and vice versa.

This move directly addresses a common friction point in the crypto market, where conversion fees are often embedded within the bid-ask spread. By eliminating this hidden cost, which can range from 0.5% to 2% on other platforms, Revolut aims to provide a more transparent and cost-effective on/off-ramp for its user base.

The introduction of this feature intensifies competition among European fintech firms and crypto exchanges. It leverages Revolut's large customer network to attract users who frequently move between fiat and stablecoins.

This update signals a strategic push by major fintech players to integrate crypto services more seamlessly and affordably. As companies like Revolut set new standards for pricing and transparency, it could pressure other platforms to re-evaluate their own fee structures for stablecoin conversions.