Revolut to Offer Stablecoins via Planned US Bank

Revolut plans to offer stablecoins through its future US bank, the company’s US CEO Cetin Duransoy said. Customers of the bank, expected to launch next year, will have access to FDIC-insured accounts, multi-currency deposits, stock trading and cryptocurrency services.

The bank will initially target retail and business customers with international banking needs, including those managing multiple currencies. Revolut applied for a US national bank charter in March, shifting from earlier plans to acquire a US bank; Duransoy joined Revolut that same month to lead its growth in the United States.

Revolut is seeking a foothold in a stablecoin market that has grown to around $319.5 billion, up from about $247 billion a year ago, per DefiLlama. Outside the United States, Revolut customers already can use their bank cards to pay with USDT and USDC, and the company serves more than 75 million customers worldwide.

United States

revolut, stablecoins, us bank, cetin duransoy, fdic insured, multi-currency, bank charter, usdt, usdc, defillama