Revolut’s New Bank Brings Stablecoins to the U.S.

Key Takeaways:

• Revolut will introduce a new bank in the U.S. this year which will feature stablecoins and crypto trading.
• The fintech giant has 75 million users around the world, and has averaged an annual revenue of $6 billion.
• It is at the heart of their growth in the U.S. that they offer FDIC insurance, multi-currency deposits and digital asset services.

Revolut is moving at a significant pace towards the U.S. banking market of combined traditional and crypto services. The relocating move may earn more recognition for stablecoins as the fintech contends with a new national bank charter.

Revolut Plans U.S. Bank With Stablecoin Access

Revolut’s recently formed U.S. banking arm will be available in 2027, U.S. chief executive Cetin Duransoy said. The business already has a national bank charter application, which would enable...