According to a Reuters report, UK-based fintech giant Revolut is planning to integrate stablecoin services into its upcoming US bank, riding a wave of interest among fintech and cryptocurrency firms seeking federal banking charters. By embedding stablecoins within a licensed banking framework, Revolut would allow customers to hold both FDIC-insured traditional accounts and fiat-pegged digital assets under one roof.
Holding a full banking license in the United States would allow Revolut to offer a broader suite of regulated financial services, directly supervised by the Federal Reserve. The addition of stablecoins could enhance payment efficiency and significantly reduce the cost of cross-border transactions, appealing particularly to international users seeking USD exposure. If approved, the bank would enable seamless movement between fiat currency and cryptocurrencies within a compliant environment.
Revolut has already rolled out cryptocurrency buying, selling, and custody features across the UK and Europe, with its user base expanding consistently. Its move into US banking underscores a strategic commitment to making digital assets a core pillar of its business. While the plan remains in its early stages and US regulators continue to deliberate on a stablecoin framework, the initiative highlights the increasingly blurred lines between traditional finance and the crypto ecosystem.
Reuters cited people familiar with the matter, noting that Revolut has yet to publicly confirm details of the plan, leaving the market awaiting an official announcement.