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Former crypto leaders, now banks, set to launch in 2026
By Hristina VasilevaUpdated: December 30 2025 3:55 PM UTC
2 mins read
Contents
1. 2026 may be the year of crypto banks
2. Stablecoins boost the usage of crypto as fintech
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In 2025, six crypto companies received preliminary approval for a banking license.More neobanks, fintech apps, and crypto companies are waiting for approval.Stablecoin issuers are also preparing for a more active year, with banks and payment operators expected to launch their own stablecoins.
In the coming year, crypto will potentially extend its influence on fintech as crypto companies seek to get licensed as national banks in the US market. A long list of crypto startups has lined up for a banking license, creating a crossover between traditional finance and decentralized assets.
Crypto adoption may resemble fintech in 2026, as companies strive to establish more seamless bridges between traditional finance and decentralized assets. Several prominent crypto startups are lining up to receive a banking license.
After years of make-do banking connections and often outright hostility from banks, crypto companies have gained a foothold in traditional finance. The fintech approach has driven adoption, in addition to increased stablecoin usage.
2026 may be the year of crypto banks
Crypto banks are lining up to launch in 2026, with several companies in relatively advanced provisional stages of approval. The companies awaiting licenses will be able to circumvent current commercial banks, which are not always willing to send funds to crypto exchanges.
Notably, the crypto-focused Erebor bank has received preliminary approval and is expected to be close to launch in 2026. Demand for a crypto-friendly bank increased after the crash of Silicon Valley Bank.
The upcoming wave of banking entities with fintech capabilities follows the more favorable climate for crypto projects. A total of six companies have been conditionally approved for a banking license. Those include:
BitGo HoldingsCircle Internet GroupErebor Bank Fidelity Digital AssetsPaxos Holdings LLC.Ripple Labs, Inc.
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