Revolut U.S. CEO Cetin Duransoy has confirmed that the fintech firm’s upcoming American bank will offer stablecoin services alongside traditional FDIC-insured products. The move, disclosed in a report by Reuters on June 3, 2026, marks a pivotal step for the UK-based company as it moves to integrate digital assets into a regulated banking framework. By combining high-yield investment and checking accounts with stablecoin access, the company aims to serve residents and businesses with complex cross-border financial needs.
The announcement follows the company’s formal application for a national bank charter with the U.S. Office of the Comptroller of the Currency (OCC) in early March 2026. Revolut filed this “de novo” application after abandoning previous plans to acquire an existing American lender. The proposed bank will be headquartered in Stamford, Connecticut, and will maintain an additional office in New York. Revolut does not intend to open physical branches, choosing instead to provide cash services through an established ATM network.
The timing of this expansion aligns with a notable shift in the U.S. regulatory environment. In 2025, the OCC received 14 de novo charter applications, which nearly equaled the total volume of the previous four years combined. This surge indicates that regulators may be adopting a more open approach toward fintech firms seeking to enter the formal banking system. Domestic crypto-native firms have also seen progress, such as Kraken recently securing a Federal Reserve master account.
Serving international and cross-border users
Revolut U.S. CEO Cetin Duransoy stated that the bank’s initial phase will focus on customers who handle multiple currencies simultaneously. “We’ll begin by focusing on business and retail customers that need multiple currencies, such as dollars, rupees or Latin American currencies,” CEO Cetin Duransoy told Reuters. The platform’s existing app already supports over 30 currencies, but a full banking charter would allow for more integrated services.
In addition to standard banking, the new entity plans to provide multi-currency deposits, stock trading, and cryptocurrency trading. While some ethereum price outlook reports focus on technical breakdowns, large-scale financial integrations like this suggest a growing institutional interest in the underlying utility of digital assets. Revolut expects to begin operating its U.S. bank in 2027, provided the charter process stays on track.
The firm is no stranger to crypto-related regulatory oversight. Revolut was previously selected by the UK Financial Conduct Authority (FCA) to participate in a fiat-pegged stablecoin sandbox trial. Furthermore, the company has utilized Polygon in the past to enable remittances and staking within its main application. These experiences are expected to inform the bank’s approach to compliant stablecoin services in the American market.
Scaling the global super app model
Opening a regulated bank in the United States is a key part of CEO Nik Storonsky’s goal to build a “truly global bank.” While the company serves 75 million clients globally, its U.S. presence is currently limited to approximately 1 million users. Offering FDIC protection on accounts is viewed as a necessary move to build trust and scale the user base to levels seen in Europe and the United Kingdom, where Revolut recently launched a fully licensed bank.
The company’s financial records from 2025 show a business of considerable scale, with revenue hitting $6 billion (£4.5 billion) and net profits reaching $1.75 billion. During its last funding round, the firm was valued at $75 billion. This capital position provides a buffer for the intensive regulatory requirements of the OCC. Despite the company’s growth, CEO Nik Storonsky has maintained that the firm does not plan to list its shares publicly before 2028.
As the fintech sector navigates this wave of new charter applications, market sentiment shifts as legislative progress continues to define the boundaries of the digital asset industry. Revolut’s specific focus on combining traditional checking with stablecoins addresses a gap for users who currently rely on fragmented services to move money globally. If successful, the 2027 launch would represent one of the most comprehensive integrations of crypto services within a U.S. national bank to date.
Operations and competition in 2027
The move into the American banking sector will place Revolut in direct competition with established institutions and a growing number of fintech players. While the high-yield investment space remains fierce and the stablecoin market is increasingly crowded, Revolut’s strategy relies on its “super app” ecosystem. This model allows users to manage their entire financial life—from receiving a paycheck to trading stocks and remitting funds—in a single digital interface.
The success of the Stamford-based bank will depend on its ability to meet the strict capital and reporting standards of the OCC while maintaining the fast-paced innovation typical of a fintech firm. For now, the company is focused on the infrastructure required for the 2027 rollout, including the digital platform for business and retail users who require multi-currency stability and the efficiency of stablecoin transfers.