Revolut plans to open a US bank in 2027 that will pair FDIC-insured accounts with stablecoin services in the same app. US chief executive Cetin Duransoy disclosed the plan in a Reuters interview on Wednesday. The British neobank counts 70 million customers globally and was valued at $75 billion in a November 2025 secondary share sale.

The entity will be called Revolut Bank US, N.A. and headquartered in Stamford, Connecticut, with a second office in New York, per Duransoy. Product scope spans FDIC-insured checking and high-yield investment accounts, multi-currency deposits, stock and crypto trading, and stablecoin access on a single platform. Revolut filed for a national bank charter with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation on March 5, and has committed $500 million in US investment to back the application.

The structural point is that a tier-one fintech is entering US banking with stablecoins designed in as a core product rather than bolted on later. SoFi Technologies, the only US national bank that currently offers a proprietary stablecoin, was granted its charter in January 2022. It did not launch SoFiUSD inside its banking app for retail customers until May 27 of this year. Revolut would arrive in 2027 with that integration as the launch product.

The Charter Path

Revolut’s filing seeks a federal charter that would let it operate uniformly across all 50 states under a single regulator. The application replaces an earlier track in which Revolut had considered acquiring an existing US lender. It also follows roughly six months after then-US head Sid Jajodia told Banking Dive that a charter would give Revolut “a seat at the table with the regulator.” Jajodia is now Revolut’s global chief banking officer; Duransoy succeeded him in January.

“Filing for a national bank charter is a major milestone toward our vision of building the world’s first truly global banking platform,” Revolut co-founder and chief executive Nik Storonsky said at the time of the filing. The charter would give Revolut direct access to Federal Reserve payment rails such as Fedwire and ACH. It would also let the bank offer FDIC-insured deposits without partner banks, and originate personal loans and credit cards directly.

OCC charter approvals typically run 12 to 18 months. The application lands in a surge of new-bank activity: the OCC received 18 de novo applications in 2025 and several more in 2026. Crypto-native firms including Ripple, Paxos and Circle have also filed. Crypto.com received a conditional national trust bank charter earlier this year; Erebor Bank is already operating with a full charter.

What “Stablecoin Services” Means

Duransoy did not name which stablecoins Revolut intends to offer, whether the bank would issue its own coin, or what custody arrangement would apply. The product description so far refers to “access” to stablecoins alongside FDIC-insured deposits, not a Revolut-issued dollar token. Revolut already supports zero-fee USDC and USDT swaps for European users. It also crossed $1.2 billion in onchain stablecoin volume on Polygon in 2025. Third-party-stablecoin distribution is the more likely starting point than a proprietary issue.

The bank-issued model still has a clear US precedent. SoFi’s SoFiUSD launched on Ethereum and Solana on May 27, redeemable 1:1 for dollars and accessible inside the consumer app for SoFi’s 14.7 million members. Cash App, which does not hold a US bank charter, supports USDC across Ethereum, Solana, Polygon and Arbitrum. Chime remains a non-bank fintech that partners with chartered institutions and has no stablecoin product.

Whichever model Revolut chooses, it would operate inside a framework that did not exist when SoFi got its charter. The Guiding and Establishing National Innovation for U.S. Stablecoins Act, enacted on July 18, 2025, gives US banks a federal path to issue payment stablecoins under their existing regulators. The OCC’s implementing rulemaking was published in the Federal Register on March 2. It proposes specific requirements for national-bank stablecoin issuance and custody. Comments closed on May 1.

The Distribution Argument

The number that matters for the stablecoin market is reach. The combined circulating supply of the five largest dollar stablecoins is roughly $281 billion, with Tether at $187.5 billion and Circle’s USDC at $76 billion. Revolut has about 1 million existing US customers and 70 million globally. Storonsky has set a target of 100 million customers by mid-2027.

A charter-holding Revolut that defaults users into stablecoin rails for cross-border transfers would be a distribution channel several orders of magnitude larger than any crypto-native firm currently operating. The initial customer wedge is explicitly cross-border. “We’ll begin by focusing on business and retail customers that need multiple currencies, such as dollars, rupees or Latin American currencies,” Duransoy told Reuters. The bank will not operate physical branches; customers will rely on ATM networks. The app currently supports more than 30 currencies.

What’s Not Locked In

The OCC and FDIC have not signaled a decision date. Charter approvals can come with conditions that materially shape a launch product — capital floors, activity limits, or restrictions on certain digital-asset offerings — and none have been disclosed. Revolut’s 2027 target is a company goal, not a regulatory commitment.

Revolut’s last completed financing was a November 2025 secondary share sale at the $75 billion valuation, up from $45 billion fifteen months earlier. The company has ruled out a public listing before 2028, with Storonsky saying a US IPO is the preferred venue when one comes.