Revolut News

Revolut’s renewed push for a US banking license follows a failed 2021 attempt, as the $75 billion fintech expands globally.

The UK Financial Conduct Authority selected Monee, ReStabilise, Revolut and VVTX to test stablecoin issuance and payments in its regulatory sandbox beginning in Q1 2026.

A crypto trader said a former Revolut employee tried to extort him and contacted his relatives. Revolut confirmed an investigation and said no systems were breached.

Crypto’s reputation is improving, but investors still complain that their banks are blocking their accounts for interacting with digital assets.

The conditional approval moves the Latin American fintech into the bank organization phase as it seeks to expand regulated banking and crypto services in the United States.

Revolut is planning to apply for a US banking license through the OCC after previously considering a bank acquisition that could have required branch commitments.

The London-based financial technology company is pushing deeper into Latin America as regional competition among digital banks heats up.

The most common stablecoin transfer amounts are in the $100 to $500 range, showing Revolut customers are actively using stablecoins for everyday medium-sized payments.

Trust Wallet’s “zero-fee” crypto purchases through Revolut arrive weeks after the fintech unicorn hit a $75 billion valuation in a private share sale.

The new platform lands amid a wave of fintech adoption of stablecoins for global transfers, payouts and onchain settlement.

Revolut completed a private share sale with participation from major investment companies. The transaction also allowed employees to sell shares.

Revolut has made on and off-ramping to crypto easier by removing fees, spreads and other costs, allowing users to convert USD and stablecoins at a 1:1 ratio.

Revolut also revealed its Crypto 2.0 platform, which will feature over 280 tokens, zero-fee staking up to 22% APY and 1:1 stablecoin-to-US dollar conversion.

Revolut’s new job listing reveals plans to build a crypto derivatives business from scratch, leveraging its 50 million-strong global customer base.

Revolut plans to invest over $1 billion in France, establish an EU headquarters in Paris and apply for a local banking license as it targets rapid expansion in its largest market.