Revolut receives conditional approval for a U.S. banking license from the OCC

If fully approved, it will allow the company to offer banking products directly to customers in the United States. These will include services ranging from loans and stablecoins to credit cards.

OCC Chief Jonathan Gould said that organizations involved in cryptocurrencies and other innovative technologies should be able to become banks. He added that such oversight should be federal.

Since 2025, the OCC has received 40 applications for new charters and approved 21 of them, while rejecting 2. Earlier, Revolut obtained banking licenses in France, Australia, and the United Kingdom.