Weekly top-ups for crypto cards hit a June peak, even as broader crypto trading sentiment remains subdued. Ten crypto-based projects reached highs in usage and transaction volume in June, and the top five set new usage records in early July. Growth is linked to wider stablecoin use and fintech integration, though some warn aggressive rewards and airdrop promises may be inflating demand. Regulatory scrutiny and custody structures remain key risks.

Revolut\'s U.S. unit plans to offer FDIC-protected deposit products alongside stablecoin services. Revolut U.S. CEO Cetin Duransoy said the company intends to launch high-yield investment accounts and checking accounts with the stablecoin service. It will not open physical branches but will provide access to an ATM network. Revolut applied for a U.S. bank charter with the Office of the Comptroller of the Currency in March.