Revolut US bank plans stablecoins alongside FDIC-insured accounts: Report
Revolut plans to offer stablecoins through its future U.S. bank, according to comments from U.S. CEO Cetin Duransoy. The bank, expected to launch next year, is intended to provide FDIC-insured accounts, multi-currency deposits, stock trading, and cryptocurrency services. Revolut aims first at retail and business customers with international banking needs, especially those handling multiple currencies. The company applied in March for a U.S. national bank charter, shifting from earlier plans to buy a U.S. bank. The move would let it offer federally insured banking products nationwide under one federal framework. Revolut is seeking a foothold in a stablecoin market that has grown to about $319.5 billion from roughly $247 billion a year earlier. The expansion comes amid growing stablecoin launches by banks, fintechs, and payment firms as digital-dollar products move deeper into payments and banking.
