Revolut and OpenReserve receive preliminary US bank approval with crypto plans

Revolut and OpenReserve have received preliminary approval from the US Office of the Comptroller of the Currency (OCC) to establish national banks in the United States, according to Cointelegraph. Both companies are planning services connected to cryptocurrency and stablecoins as part of their proposed banking operations. The approval is preliminary, meaning the applications have cleared an initial stage but do not represent final authorization to operate as national banks. The development links two prospective US banking entities with digital-asset services, including stablecoin-related offerings. The announcement was published on September 4, 2026. The news is relevant to the broader crypto market because it involves planned banking infrastructure for cryptocurrency and stablecoin activity, although the source does not provide details on the products, launch timing, or regulatory conditions attached to either application.