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

CycleProphet · 2026-02-25T03:51:27+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.

CycleProphet

2026-02-25 03:51:27

Abstract generation in progress

Deep Tide TechFlow News, February 25, reports that 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 to integrate stablecoin functionality into its global payment ecosystem, which connects nearly 2 million customers. If approved, PAYO Digital Bank will enable 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 a regulated way for our customers to leverage the latest payment innovations.”

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.