Revolut is preparing for a major change in its leadership and US market plans. Vlad Yatsenko, the company’s co-founder and first employee, will step down as chief technology officer in July. He will move to a non-executive board role, marking the end of an era for the fintech giant.

Yatsenko joined Revolut before it even had a name. The CEO gave him the co-founder title to help recruit engineers. Now, after more than eight years, the company is promoting Donato Lucia to take over as CTO. Lucia has been with Revolut since 2018, building core banking systems and leading engineering efforts.

Lucia’s appointment shows Revolut wants continuity in tech leadership. The company is focusing on scaling its existing infrastructure rather than reinventing it. This is key as Revolut plans a US IPO targeting a $200 billion valuation within two years. The fintech already serves over 70 million customers worldwide and earned £4.5 billion in revenue last year.

Revolut’s US Banking Push and Stablecoin Plans

Revolut is also making big moves in the US. The fintech filed for a national bank charter in March 2026. This lets Revolut offer federally insured deposits, multi-currency accounts, and securities trading across the US. The company dropped its earlier plan to buy a US bank and now aims to build its own banking entity.

Stablecoins will be a major part of Revolut’s US offering. The fintech plans to integrate these digital assets alongside traditional banking products. Customers will access stablecoins and FDIC-insured accounts without physical branches. Instead, Revolut will rely on ATM networks and online services to serve retail and commercial clients, especially those involved in cross-border business.

The stablecoin market has grown to over $300 billion, attracting many players. Revolut already supports popular stablecoins like USDT and USDC in other markets. Offering these in the US gives Revolut a competitive edge in the fast-evolving world of crypto banking.

What This Means for Revolut and the Fintech Industry

Yatsenko’s move to the board is not a clean break. It shows Revolut wants to keep his expertise while adapting to its new phase as a regulated bank. The fintech faces greater regulatory scrutiny as it prepares for a US IPO and a banking charter. Lucia’s internal promotion signals trust in his ability to lead this transition.

The fintech world is watching closely. Leadership changes before IPOs are common, but Revolut’s timing is critical. With ambitious US expansion and crypto offerings, the company must prove it can manage complex tech and regulatory challenges at scale.

Meanwhile, the fintech sector is buzzing with other big events. SpaceX plans one of the largest IPOs in history, aiming to raise $75 billion. It shows how tech companies are increasingly blending finance, AI, and space exploration. Revolut’s focus remains on banking innovation and expanding its global footprint.

In short, Revolut is evolving fast. It’s moving from a scrappy startup to a financial powerhouse with global ambitions. The CTO transition and US bank charter are key steps. They will define how Revolut competes in a crowded fintech landscape where crypto and traditional banking merge.