Revolut may add U.S. stablecoin solutions.
The global digital bank is aiming to scale its global presence and start growing more customer accounts across North America, with a potential roadmap to start offering select stablecoin solutions.
Reuters reported that the team is planning to cater to American customers and open up several offices for employees, although no official bank branches will be launching across states for the moment.
As part of this broader strategy, there may be an opening to offer stablecoin-related services to clients requiring multi-currency accounts and transfers, with a possible tie to have FDIC insurance on select reserves or parallel products – although this is not fully disclosed.
Revolut already has a MiCA license in Cyprus and with the rollout of the Genius Act over the next few months, and potential passing of the Clarity Act, may be in a good position to continue its digital-first strategy and tap into the growing stablecoin market.
Recently, Revolut had partnered with Polygon to enable the network on its platform, allowing users to send and receive top stablecoins such as USDC and USDT, as well as native staking for the native token.
