Revolut has racked up another milestone in its quest to challenge Britain’s biggest banks. The fintech giant said on Friday that it now has 10 million customers in its home market, bringing the firm’s global tally up to 45 million.

Crypto-friendly Revolut is said to be quite far along in creating its own stablecoin, according to two people familiar with the plan.

Revolut to launch a stablecoin, joining PayPal & Ripple in the expanding stablecoin market, aiming to strengthen its crypto offerings.

BitGo, one of the creators of the popular Wrapped Bitcoin (WBTC), has announced plans to roll out a new stablecoin called USDS next year.

With Revolut in the process of launching its own stablecoin, like PayPal, it is hardly hyperbolic to say that we might be looking at a trillion dollar market

Revolut is planning to enter the stablecoin market, joining a growing list of fintech companies seeking to expand their offerings.