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.

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

London-based fintech group Revolut reportedly wants to expand its crypto offerings with the launch of its stablecoin, joining a list of other fintech firms that seek to broaden their digital assets offerings.