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Revolut’s U.S. Bank Charter Application Lists Crypto and Stablecoins as Core Products

The filing identifies digital asset services including stablecoins, remittances, staking (locking crypto to earn rewards), card payments with crypto, and crypto trading as part of its proposed U.S. banking model.

CORE

Summary

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Terms & Concepts
  • Stablecoins: Cryptocurrencies designed to maintain a stable value, typically by being pegged to a fiat currency such as the U.S. dollar.
  • Staking: A process that involves locking crypto assets to help support blockchain operations and earn rewards.
  • Remittances: Cross-border money transfers, often used by individuals sending funds internationally, which crypto services may help process more quickly or cheaply.