Revolut is planning to integrate stablecoins into its upcoming US bank. Reuters reported the news Wednesday, citing sources familiar with the company's strategy. The move marks a major step toward blending traditional banking with digital currencies, and it comes as more fintech and crypto firms chase federal banking approvals. The London-based fintech has been working toward a US bank for years; adding stablecoins gives the project a distinct crypto flavor.
Stablecoins at the center of Revolut's US bank plan
Revolut already lets users trade crypto. But adding stablecoins to a licensed bank is a different game. Stablecoins, pegged 1:1 to the US dollar, could power interest-bearing accounts, instant payments, and debit-card spending in digital dollars — all inside a federally regulated structure.
The company didn't comment beyond the Reuters report. Sources described the stablecoin feature as a core part of the bank's design, not an afterthought. That suggests Revolut is serious about making digital currency a native part of its US banking offering.
A broader rush for federal banking approvals
Reuters noted that more crypto and fintech companies are now applying for federal bank charters. The trend reflects a desire to operate under a single set of US rules rather than a patchwork of state licenses. For stablecoin issuers in particular, a federal charter could bring clarity on reserve requirements, audits, and consumer protections.
Getting a charter from the Office of the Comptroller of the Currency isn't fast. Applications can take months or years. But the reward is direct access to the Federal Reserve payment system and the ability to take deposits nationwide.
The crypto-banking hybrid
If Revolut gets its charter, the result could be a new kind of banking — one where stablecoins aren't an afterthought but a foundation. That would blur the line between crypto and conventional finance. Users get the speed of crypto transactions with the structure of a regulated bank, though stablecoins themselves aren't FDIC-insured.
Stablecoins have long been a tool for crypto traders to park funds without cashing out. In a regulated bank, they could enable instant settlement and low-cost cross-border transfers — areas where traditional banking struggles. That's a powerful pitch for a fintech entering the US market. For Revolut, the stablecoin move also serves a business purpose: it could attract the millions of users who already hold crypto on the app but want a full banking relationship, keeping them within Revolut's ecosystem rather than pushing them toward separate banks and exchanges.
The timing makes sense. US regulators have been tightening oversight on crypto, and federal charters offer a way inside the tent. Revolut's application is still pending, with no timeline disclosed. The coming months will show whether regulators are ready to approve the stablecoin-backed vision Revolut is building.
