Revolut processed an estimated $10.5 billion in stablecoin payment volume during 2025, a 156% increase from the previous year. This article examines what Revolut’s stablecoin plans could mean for digital payments and the broader fintech industry. How the FCA Sandbox Positions Revolut as a Stablecoin IssuerThe FCA chose Revolut from 20 applicants to participate in its stablecoin regulatory sandbox in February 2026. Matthew Long, the FCA’s director of payments and digital assets, stated that the sandbox supports UK stablecoin issuers. PayPal’s PYUSD has reached roughly $2.8 billion in market cap, while Revolut is still testing its stablecoin; however, Revolut processed $10.5 billion in stablecoin payment volume.