Payoneer applies for US national trust bank charter

ChainWatcher · 2026-02-25T02:43:34+00:00

Payoneer has applied to establish Payo Digital Bank, aimed at integrating stablecoins into its payment services. The bank will facilitate stablecoin transactions and provide additional services to enhance financial access for global SMBs.

ChainWatcher

2026-02-25 02:43:34

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The company says it has filed an application with the Office of the Comptroller of the Currency (OCC) to establish Payo Digital Bank, a national trust bank designed to support stablecoin-enabled infrastructure for global businesses.

Payoneer says the charter is a “critical next step” in its strategy to integrate stablecoin capabilities into its global payments ecosystem.

The new Payo Digital Bank would be able to send and receive stablecoins, issue its own Payo-USD token, manage the reserves that back the token, offer custodial services, and offer customers seamless on- and off-ramp.

Rob Morgan, proposed CEO, Payo Digital Bank, says: “Payo Digital Bank will help us offer global SMBs an integrated, business-grade stablecoin solution that will accelerate payments, add transparency, and improve access to markets.”

Earlier this week, Crypto.com became the latest digital asset player to secure conditional approval for a charter, joining the likes of Circle, Ripple and Bridge.

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