ChainCatcher report: Polygon officially announced that Revolut's on-chain transaction volume has surpassed $1.2 billion, further deepening the European fintech company’s commitment to blockchain. Revolut has previously submitted applications to the U.S. Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation seeking a U.S. national bank charter to operate as Revolut Bank US, NA. If granted, Revolut will gain direct access to Fedwire and ACH systems, offer FDIC-insured deposit services, and operate across all 50 U.S. states under a unified federal framework.
Revolut Processes Over $1.2 Billion in Stablecoin Cross-Border Transfers via Polygon
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Summary
Revolut has processed over $1.2 billion in stablecoin cross-border transfers via the Polygon blockchain, with the platform emphasizing the role of stablecoin regulation in enabling such large-scale operations. The European fintech has also applied for a U.S. national bank charter under the name Revolut Bank US, NA, and is addressing compliance requirements, including CFT measures. If approved, the firm will gain access to Fedwire and ACH systems and offer FDIC-insured deposits.
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