---
title: "Revolut USD Stablecoin (RUSD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/rusd-revolut/"
description: "Build-time stablecoin profile for Revolut USD Stablecoin (RUSD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Revolut USD Stablecoin (RUSD)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** pre-launch

## Overview

Revolut's expected USD stablecoin remains pre-launch, with ticker, chain, and reserve model still unannounced. RUSD represents Revolut's expected USD stablecoin direction, sister to the already-tracked RGBP. The legal substrate was assembled in 2025: Revolut Digital Assets Europe took a MiCA CASP licence from CySEC on October 23 2025, and Revolut's existing Bank-of-Lithuania EMI provides the e-money-token issuer foundation that MiCA Title IV requires. The Cyprus announcement also unveiled 'Crypto 2.0' with '1:1 conversion between stablecoins and USD' as a flagship feature — close enough to a product tease that EU counsel described a 2026 Revolut stablecoin as plausible. The harder questions are downstream: ticker, chain choice, reserve and {{term:custody}}custody{{/term}} disclosure model, {{term:redemption}}redemption{{/term}} mechanics, and how Revolut navigates the UK Bank of England's proposed restrictions on cross-group stablecoin issuance that already constrain RGBP. Ticker, chain, reserve model, and first-issued variant remain unannounced.

## Collateral

Planned 1:1 USD-equivalent reserves held by Revolut's Lithuanian EMI under MiCA Title IV (EMT) safeguarding rules; exact composition (cash, MMF, segregated bank accounts) unannounced.

## Peg Mechanism

Planned MiCA-compliant electronic-money token issued by Revolut's Lithuanian EMI with 1:1 USD mint and redemption; distribution and chain selection unannounced.

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Cyprus / Lithuania | CySEC (MiCA CASP) and Bank of Lithuania (EMI) | N/A |

## Live Data

This is a pre-launch stablecoin profile. Live API data is not available until launch.