Revolut US bank plans stablecoins alongside FDIC-insured accounts: Report
Reuters reported that Revolut plans to integrate stablecoins into its future US bank as more fintech and crypto companies chase federal banking approvals.
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Revolut has announced plans to launch a U.S. bank next year, offering FDIC-insured accounts and stablecoin services as it deepens its push into American financial services. Reuters reported, citing newly appointed Revolut U.S. CEO Cetin Duransoy, that the British fintech…
Read full articleReuters reported that Revolut plans to integrate stablecoins into its future US bank as more fintech and crypto companies chase federal banking approvals.
The yield-tokenization protocol's $233M-mcap token is now buyable inside Revolut's MiCA-licensed crypto app across the UK, EU, Norway, Iceland and Liechtenstein — the second on-chain yield protocol to land on the fintech's regulated rails after Maple's SYRUP in April.
The British neobank, with 70 million customers and a $75 billion valuation, will pair FDIC-insured accounts with stablecoin access on a single platform — a tier-one fintech entering US banking with stablecoins designed in, not bolted on.
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Revolut's Paris investment signals a strategic shift in fintech, potentially boosting Europe's financial sector and job market significantly. The post Revolut invests €1B in Paris headquarters, creating 200 jobs by 2030 appeared first on Crypto Briefing.
The post GENIUS Act Deadlines Loom, ECB Pushes Digital Euro as Coinbase Opens India INR Rails appeared on BitcoinEthereumNews.com. Crypto News The opening week of June places U.S. stablecoin policy under hard deadlines, with comment periods for the GENIUS Act frameworks scheduled to close at the Treasury, FDIC, and FinCEN on June 2. The closures convert federal statute into operational requirements that issuers must build against, settling questions over reserves, yield, and licensing. Banking lobbies have pressed to slow the rollout, particularly around yield-bearing stablecoins, an objection that helped stall the Clarity Act for months. The Senate floor reopens on June 3 to consolidate market structure provisions with CFTC oversight and GENIUS amendments into one vehicle, with sponsors targeting an August signing. ECB board member Isabel Schnabel argued in Seoul on Monday that central banks must respond to swelling stablecoin volumes with stricter regulation and retail central bank d