Revolut’s US bank to offer stablecoin services alongside FDIC-insured products: Reuters
Revolut U.S. CEO Cetin Duransoy told Reuters the company plans to offer access to stablecoins in the United States.
Revolut's U.S. banking division plans to offer stablecoin services alongside traditional FDIC-insured banking products, according to U.S. CEO Cetin Duransoy in an interview with Reuters. The London-based fintech company aims to integrate digital currency access into its American banking operations, marking a significant expansion of its cryptocurrency offerings in the United States market.
Revolut has been steadily building its presence in the U.S. financial services sector, having obtained a banking charter and launched traditional banking products. The company already offers cryptocurrency trading services in various markets globally, but the integration of stablecoins into its U.S. banking platform represents a notable step toward bridging traditional and digital finance. Stablecoins, which are cryptocurrencies pegged to stable assets like the U.S. dollar, have gained traction as a bridge between conventional banking and the digital asset ecosystem.
The move positions Revolut among a growing number of traditional financial institutions exploring cryptocurrency integration. As regulatory clarity around digital assets continues to evolve in the United States, established fintech companies are increasingly seeking to offer crypto services alongside conventional banking products. This trend reflects growing institutional and consumer demand for seamless access to both traditional and digital financial services.
The timeline for launching these stablecoin services and specific regulatory approvals required remain unclear, as does which particular stablecoins Revolut plans to support.
Source: The Block
