Payoneer applies for a U.S. trust bank license and plans to issue a USD stablecoin PAYO-USD

DeepFlowTech · 2026-02-25T01:57:05+00:00

Payoneer has applied to the U.S. Office of the Comptroller of the Currency to establish PAYO Digital Bank, with plans to provide stablecoin infrastructure and aim to integrate stablecoin functionality into the global payment system. If approved, it will support trading and management of multiple stablecoins. The CEO stated that this move will promote the use of stablecoins in global trade.

DeepFlowTech

2026-02-25 01:57:05

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Deep Tide TechFlow News, on February 25th, according to PRNewswire, fintech company Payoneer (NASDAQ: PAYO) has filed an application with the Office of the Comptroller of the Currency (OCC) to establish PAYO Digital Bank National Trust Bank, aiming to provide infrastructure supporting stablecoins for global businesses.

Over the past year, the use of stablecoins in global commerce has accelerated. This application is a key part of Payoneer’s strategy, with the goal of integrating stablecoin functionality into its global payment ecosystem serving nearly 2 million customers. If approved, PAYO Digital Bank will allow customers to send and receive multiple stablecoins, issue PAYO-USD stablecoins compliant with the GENIUS Act, manage stablecoin reserves, offer custody services, and support stablecoin-to-local currency conversions.

Payoneer CEO John Caplan said, “We believe stablecoins will play an important role in the future of global trade. Through PAYO Digital Bank, we aim to provide customers with a regulated way to leverage the latest payment innovations.”

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