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Fintech company Payoneer has announced that it has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, PAYO Digital Bank, N.A., to obtain federal regulatory approval and to carry out stablecoin transactions, issuance of its own USD stablecoin PAYO-USD, and digital asset custody services; previously, the OCC granted conditional approvals to several institutions, including Crypto.com, Stripe's Bridge, Ripple, Circle, BitGo, Fidelity Digital Assets, and Paxos. (The Block)