<p><span style="font-weight: 400;">Revolut’s U.S. bank plans to offer FDIC-insured products like high-yield investment and checking accounts alongside stablecoin services, according to Reuters, which spoke with the recently appointed Revolut U.S.
CEO Cetin Duransoy. </span></p>
<p><span style="font-weight: 400;">The company is not planning to open physical branches in the U.S., though Duransoy said clients will have access to ATM networks.</span></p>
<p><span style="font-weight: 400;">Revolut applied for a </span><a href="https://www.theblock.co/post/392424/revolut-seeks-de-novo-banking-charter-with-occ"><span style="font-weight: 400;">U.S. banking charter</span></a><span style="font-weight: 400;"> with the Office of the Comptroller of the Currency (OCC) in early March after dropping </span><a href="https://www.theblock.co/post/386838/revolut-abandons-us-merger-plans-to-pursue-own-de-novo-banking-licence-ft"><span style="font-weight: 400;">plans to acquire a U.S. lender</span></a><span style="font-weight: 400;">.
That came amid a wave of charter applications from crypto firms as the OCC and other U.S. regulators signaled a more favorable approach. </span></p>
