Revolut is preparing to launch a U.S. digital-only bank in 2027 after applying for a national bank charter with the Office of the Comptroller of the Currency and the FDIC. The plan would combine insured banking products with crypto, stock trading, multi-currency deposits and stablecoin access inside one app, giving Revolut a broader U.S. product set if regulators approve the charter.
The proposed bank would be headquartered in Stamford, Connecticut, with an office in New York and no physical branches. U.S. CEO Cetin Duransoy said customers would have ATM-network access, more than 30 currency options and services aimed first at retail and business users with international financial needs. Revolut is targeting cross-border customers before trying to become a full domestic banking substitute.
Stablecoins Sit Beside, Not Inside, Deposit Insurance
The most important distinction is protection. FDIC insurance would apply to eligible bank deposits, while stablecoin balances would not be FDIC-insured. That line must be made explicit to users, because the same app could display protected deposits and uninsured digital-dollar instruments side by side.
The GENIUS Act, signed into law in July 2025, created a federal payment-stablecoin framework with reserve, disclosure, sanctions and AML requirements. It also bars stablecoin issuers from misleading users by claiming their tokens are backed by the U.S. government, federally insured or legal tender. That makes disclosure discipline central to Revolut’s U.S. stablecoin strategy.
The FDIC is already building supervisory rules under that law. In May 2026, the agency approved a proposal to implement Bank Secrecy Act and sanctions-compliance standards for FDIC-supervised permitted payment stablecoin issuers. Any bank-linked stablecoin product will need strong AML, sanctions, reporting and monitoring controls.
A Banking Charter Could Compress Fiat-to-Crypto Friction
For traders and treasury teams, Revolut’s model could reduce operational friction. A single platform offering insured accounts, FX, stablecoin access, crypto trading and stock trading would shorten the distance between fiat deposits, digital-dollar balances and market execution. That could make liquidity management easier for internationally active users.
The same convergence creates concentration risk. If customers rely on one provider for deposits, stablecoin access, securities trading and crypto execution, outages, compliance restrictions or counterparty issues could affect multiple treasury functions at once. Convenience becomes a risk-management question.
Revolut’s scale gives the plan weight. The company has about 75 million customers globally, including roughly 1 million in the U.S., and reported £4.5 billion in revenue and £1.3 billion in net profit last year. It remains privately held, with a reported $75 billion valuation and no expected public listing before 2028. The U.S. charter is therefore part of a larger push to turn global fintech scale into regulated banking infrastructure.
The next test is regulatory approval and product design. Revolut must show supervisors how it will segregate insured deposits from stablecoin balances, disclose protections clearly, manage custody and trading risk, and comply with stablecoin-specific oversight. If approved, the launch could become a major test of whether U.S. banking, stablecoins and retail crypto trading can coexist inside one regulated fintech platform.
