Revolut has processed more than US$1.2 billion in cross-border stablecoin transfers through Polygon

Polygon officially announced that Revolut's transaction volume on its chain exceeded US$1.2 billion, and the European financial technology company has further deepened its investment in blockchain. Revolut has previously submitted applications to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to obtain a National Bank license to operate under the name RevolutBankUS,NA. If licensed, Revolut will have direct access to Fedwire and ACH systems, provide FDIC insured deposit services, and operate in 50 states across the United States under a unified federal framework.