Revolut Crosses $1.2B in Onchain Transactions on Polygon as Europe's Most Valuable Fintech Deepens Blockchain Bet

tl;dr:

• Revolut has crossed $1.2 billion in cumulative stablecoin volume on Polygon
• Polygon has the lowest fees of any chain Revolut supports: a majority of the time, it is 426x more expensive on Ethereum and 4x more expensive on Solana
• Revolut’s stablecoin payment volumes grew an estimated 156% year-over-year in 2025 to $10.5 billion across all chains
• Recently, Revolut filed for a U.S. national bank charter
• The milestone comes as Polygon expands the Open Money Stack, its integrated end-to-end infrastructure for global stablecoin payments

Revolut has processed more than $1.2 billion in stablecoin transfers through Polygon by real users moving real money across borders.

Polygon accounts for a big share of Revolut’s onchain volume month after month, providing the lowest-cost network for transactions. Users in the UK and the European Economic Area can send stablecoins that settle in seconds. Fees are a fraction of a penny. 

For a cross-border transfer, this is superior to legacy systems.

The cost advantage for sending money over Polygon is significant. A majority of the time, gas fees for Revolut transactions on Ethereum are 426x more expensive than Polygon, and Solana’s are 4x more expensive, according to onchain data. In the economics of scale, this gap is something that will matter to institutions.

Revolut’s volume is also a signal about where Polygon is headed. The Open Money Stack, which brings together wallets, regulated on- and off-ramps, cross-chain payment orchestration, and the popular, go-to Polygon Chain for settlement, is designed exactly for institutions at Revolut’s scale: global distribution, compliance requirements, and payment flows too large to run on fragmented infrastructure. 

Revolut doesn’t need to be convinced that blockchain settlement works; it is the proof. 

What Revolut users actually do on Polygon

The integration covers more ground than transfers. Inside the Revolut app, users can:

• Send and receive USDC and USDT over Polygon for cross-border payments and remittances
• Stake POL, the native gas fee for Polygon Chain, with staking yields up to 4% APY
• On-ramp from bank accounts directly to Polygon wallets via Revolut Ramp
• Spend stablecoins at point of sale with a Revolut crypto card

These experiences don’t feel like blockchain to the average user. They experience faster transfers, better rates, and more ways to put money to work. The infrastructure is invisible by design, and that invisibility is why adoption compounds.

Revolut’s stablecoin payment volumes surged an estimated 156% year-over-year in 2025 to approximately $10.5 billion across all supported chains. 

Filing for a bank charter changes the stakes

Recently, Revolut filed applications with the U.S. Office of the Comptroller of the Currency and the FDIC for a U.S. national bank charter, to operate as Revolut Bank US, N.A. 

The charter, if granted, gives Revolut direct access to Fedwire and ACH, the ability to offer FDIC-insured deposits, and the ability to operate across all 50 states under a single federal framework. It opens lending, credit cards, and net interest margin, the core revenue streams of traditional banking.

For a company aiming for $9 billion in revenue and $3.5 billion in profit in 2026, with 70 million customers across 40 markets and a $75 billion valuation from its November 2025 secondary offering, the U.S. is the final frontier. 

The relevance to Polygon: a chartered U.S. bank running blockchain-based settlement infrastructure is a different kind of proof point than a fintech integration. 

Revolut piloting a GBP stablecoin through the UK’s FCA regulatory sandbox while simultaneously running over $1.2 billion in production volume on Polygon sends a clear signal about where regulated digital money movement is heading.

Part of a larger stack

Polygon recently unveiled the Open Money Stack: an integrated set of services for institutions moving money globally. It covers enterprise-grade wallets, compliant on- and off-ramps via Coinme (which is being acquired by Polygon, subject to regulatory approval), cross-chain payment orchestration, and stablecoin settlement on Polygon Chain.

The idea is to replace the fragmented web of vendor contracts, API integrations, and compliance arrangements that most fintechs navigate today with a single, end-to-end integration point. 

On-ramp, custody, settlement, and off-ramp, all coordinated rather than cobbled together.

Revolut’s architecture on Polygon is what that vision looks like when it runs at scale. Paxos tells a similar story: $1.3 billion in volume on Polygon, 50x growth in 12 months. Flutterwave, Stripe, Mastercard, Calastone, and Reliance Jio are others that have each chosen Polygon as infrastructure for payments and stablecoin settlement.

In 2025, stablecoin volume on Polygon Chain grew 264% year-over-year. The network processed $932 billion in total transfers. Polygon now supports more than $3 billion in stablecoin supply.

What is $1.2 billion in the face of trillions?

This is just the beginning.

Polygon has already processed more than $2.4 trillion in stablecoin volume.

Legacy cross-border money movement remains expensive and operationally fragile. Even with SWIFT gpi, where nearly all payments settle within 24 hours, traditional banks embed an FX markup of 2-5% above the mid-market rate on every cross-currency transaction, a cost that stablecoin settlement largely eliminates.

Revolut’s Polygon integration is a working demonstration that the target is achievable, at production scale, right now. Not with a different regulatory regime or a decade of infrastructure build, but with Polygon as a settlement layer that already exists.

The $1.2 billion is only a taste of what’s next.

Learn more about how the Open Money Stack enables institutions to build global stablecoin payment infrastructure and get early access, here.