Revolut’s U.S. division is planning to offer stablecoin services alongside FDIC-insured checking and high-yield accounts, aiming to launch a fully digital banking platform as early as 2027, according to Chief Executive Cetin Duransoy. The rollout depends on U.S. regulatory approval of the firm’s de novo bank charter application.
Digital-first model with FDIC backing
Duransoy said the U.S. business will operate without physical branches, positioning Revolut as a digital-first bank while maintaining access to national ATM networks. The strategy would allow clients to hold federally insured U.S. dollar deposits and transact in stablecoins within a single platform.
The plan is designed to create a regulated link between traditional bank accounts and digital assets, enabling traders to move between U.S. dollars and fiat-backed stablecoins inside one supervised environment.
De novo charter application in focus
Revolut filed its de novo charter application with the Office of the Comptroller of the Currency (OCC) in March after dropping earlier plans to buy an existing U.S. bank. The company now joins a growing list of digital finance firms seeking direct access to the U.S. banking system through full charters rather than partnerships.
Regulatory agencies, led by the OCC, have been fielding a rising number of applications from neobanks and companies active in digital assets. The OCC reported over 20 charter applications from neobanks and digital asset platforms in the first quarter of 2026 alone, following at least 18 in 2025, matching the total from the previous four years combined.
The OCC has publicly committed to a roughly 120-day review window for new applications, putting a preliminary decision on Revolut’s filing on a relatively near-term timeline.
U.K.-based firm expands banking and digital asset reach
Headquartered in the United Kingdom, Revolut has been expanding its banking capabilities after securing full authorization to operate as a licensed bank in its home market earlier this year. That milestone has allowed the firm to deepen its core banking services while scaling its technology-led approach.
In parallel, Revolut has been broadening its presence in digital assets. Through various partnerships, it has added blockchain-based remittance and payment features, positioning itself at the intersection of traditional finance and the digital asset economy.
Stablecoin testing under U.K. regulation
Last year, Revolut entered a regulatory sandbox run by the U.K. Financial Conduct Authority to test payments using fiat-backed stablecoins. These trials are part of its wider strategy to integrate digital currencies into everyday financial services under direct regulatory oversight.
The U.S. plan to merge insured deposits with stablecoin functionality extends this model onto a larger stage. If approved, it would provide a federally regulated framework for handling both conventional deposits and tokenized forms of money on one platform.
Competition and market impact
Market participants are expected to monitor both the OCC’s handling of the charter and competitive responses from incumbent banks and other digital finance platforms. An approval for Revolut could accelerate similar hybrid offerings from rivals seeking to combine insured deposits with digital asset services under a single regulatory umbrella.
This push for charters underscores a broader structural shift: fintech and digital asset firms are increasingly opting to come under direct bank regulation instead of operating on the margins of the system through partnerships or limited licenses.
AI-driven compliance as a key differentiator
Duransoy also highlighted the company’s technology-first stance in compliance, noting that Revolut’s anti-money laundering systems now use artificial intelligence that performs “statistically significantly better than human reviews of the transactions.” The firm applies these systems across operations in 39 countries.
For traders and users evaluating new financial platforms, two factors are emerging as central: the strength of AI-driven compliance systems and the clarity of a firm’s path to full regulatory oversight. Providers able to demonstrate both robust automation for risk management and formal integration into the banking framework are likely to stand out as the sector matures.
Explore how digital banks blend regulation, stablecoins, and payments in 2026 with this detailed guide.
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