Revolut Plans to Offer Stablecoins Through Future Bank
BITmarkets Team
Jun 05, 2026
Speaking to Reuters, Revolut’s US CEO, Cetin Duransoy, said the company’s planned bank, expected to launch next year, will provide customers with access to FDIC-insured accounts, multi-currency banking services, stock trading and cryptocurrency-related products.
Duransoy explained that Revolut will initially focus on retail and business customers who require international banking capabilities, particularly those managing funds across multiple currencies. The move would give Revolut a stronger position in the rapidly growing stablecoin sector, which has expanded to approximately $319.5 billion in market capitalization, up from around $247 billion a year earlier, according to DefiLlama data.
Revolut pursues US banking license
Revolut took a significant step toward entering the US banking market in March when it applied for a national bank charter. If approved, the charter would allow the company to offer federally insured banking products across the United States under a unified federal regulatory framework. The application marked a shift in strategy for Revolut, which had previously explored acquiring an existing US bank as part of its expansion plans. Duransoy also joined the company in March to oversee its US growth initiatives.
Founded in 2015, Revolut has grown into one of the world's largest fintech platforms, offering digital banking, payment solutions, investment products and cryptocurrency services to more than 75 million customers globally. Outside the United States, Revolut users already have the ability to make purchases using bank cards linked to stablecoins such as USDT and USDC.
Stablecoin competition intensifies
Revolut’s plans arrive amid increasing competition among banks, fintech firms and payment providers looking to establish a presence in the stablecoin market. A growing number of financial institutions have recently launched stablecoin products aimed at both retail and institutional users.
In December, digital bank SoFi introduced SoFiUSD, a dollar-backed stablecoin that enables customers to transact on both the Ethereum and Solana networks through its mobile application. Last week, Falcon Finance launched the institutional-focused stablecoin fUSD through Anchorage Digital’s regulated issuance platform. The token is backed by cash reserves, repurchase agreements and short-term US government securities and is designed for treasury management and institutional trading.
Meanwhile, MoneyGram unveiled MGUSD on Tuesday through a partnership with Bridge, Stripe’s stablecoin platform. Built on the Stellar network, MGUSD allows users to hold and transfer digital dollar balances directly through the MoneyGram app.
Banking approvals drive industry expansion
The surge in stablecoin activity has been accompanied by a broader push from fintech and crypto firms seeking federal banking approvals in the United States. Earlier this year, both Nubank and Crypto.com received conditional approval to establish national banks. They joined a growing list of digital asset firms pursuing closer integration with the traditional financial system.
In late 2025, Circle, Ripple, BitGo, Fidelity Digital Assets and Paxos also secured similar approvals from the Office of the Comptroller of the Currency, highlighting the increasing convergence between digital assets and regulated banking infrastructure.
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