Revolut plans US bank and stablecoin after conditional OCC approval
Revolut plans US bank and stablecoin after conditional OCC approval
Revolut plans to establish its national bank in Stamford, Connecticut, with about $95 million in capital.The proposed bank still requires FDIC, Federal Reserve, and final OCC approvals before opening.Checking accounts, cards, installment loans, foreign exchange, and a stablecoin are among the planned products.Revolut currently serves U.S. customers through Lead Bank rather than its own banking charter.