Revolut is aiming to open a US bank by 2027, combining FDIC-insured deposit accounts with stablecoin services in a single app, the company's US chief executive told Reuters. The British neobank, already valued at $75 billion, wants to offer a fully regulated banking product that doesn't force customers to choose between traditional savings and digital currency.
A bank and a crypto wallet in one app
The planned US bank will pair standard insured checking and savings accounts with native stablecoin functionality — meaning users could hold dollars and a pegged digital asset side by side without leaving Revolut. Cetin Duransoy, Revolut's head of US operations, said the stablecoin services will be "built in from day one."
That marks a departure from most current neobanks, which typically keep crypto services separate or add them as an afterthought. Revolut already offers crypto trading in some markets, but the US bank would give customers direct access to stablecoins within the same account structure that carries FDIC insurance — a feature regulators require for traditional deposits.
Why now?
The timing comes as stablecoins draw increased scrutiny and embrace from US regulators. Lawmakers in Washington are working on a federal framework for payment stablecoins, and several states have already passed their own licensing rules. Revolut's plan appears to bet that the regulatory path will be clear enough by 2027 to launch a product that blurs the line between a bank account and a crypto wallet.
The company isn't waiting passively. Duransoy's interview suggests Revolut is already laying groundwork for what would be a major expansion in the world's largest banking market. The neobank currently serves 70 million customers globally but has a relatively modest US presence compared with domestic rivals.
Revolut's US ambitions
Revolut is no stranger to banking applications. The London-based firm has rolled out current accounts, savings products, and investment services across Europe. Its valuation — $75 billion in its latest funding round — makes it one of the most valuable private fintech companies globally.
But cracking the US market has proven tougher for European digital banks. Regulatory hurdles, established competition from players like Chime and SoFi, and the sheer scale of the US banking system have slowed earlier efforts. Revolut has been hiring US-based compliance and banking staff, signaling a serious push.
The stablecoin component adds another layer. By baking a dollar-pegged token into the bank from launch, Revolut is trying to position itself for a world where crypto and fiat are no longer separate products. Whether US regulators will let a foreign-founded neobank combine the two under one roof — and under FDIC insurance — is the open question.
Revolut hasn't filed a formal application yet, but Duransoy's interview makes clear the 2027 target is a public commitment. The next few years will show whether regulators share that vision.
