ChainCatcher News: Fintech company Payoneer has submitted an application to the Office of the Comptroller of the Currency (OCC) in the United States to establish PAYO Digital Bank National Trust Bank, aimed at providing infrastructure to support stablecoins for global businesses. Over the past year, the use of stablecoins in global transactions has accelerated. This application is a key strategic move for Payoneer, with the goal of integrating 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 the PAYO-USD stablecoin compliant with the GENIUS Act, manage stablecoin reserves, provide custody services, and support stablecoin-to-local currency conversions. Payoneer CEO John Caplan stated, “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.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Social Buzz: Bitcoin, Ethereum, and Emerging Coins Lead Discussion
Bitcoin hits 20M mined coins, fueling debates on supply, institutional buys, and market control.
Zcash seed round and privacy tech drive social buzz, while Tether gains attention via USAT launch.
Ethereum staking, Dogecoin rumors, and TRON AI partnerships dominate crypto social
CryptoFrontNews1h ago
Coinfello and Metamask Launch Openclaw Skill to Secure AI Wallet Access
Coinfello has launched its open-source Openclaw skill, designed to facilitate secure interactions between AI agents and Ethereum Virtual Machine smart contracts, in partnership with Metamask.
Delegated Permissions and ERC-4337 Integration
Coinfello, an artificial intelligence (AI) agent designed
Coinpedia2h ago
Pundi AI Taps Metya to Redefine AI-led Web3 Social Data Economy
Pundi AI and Metya have partnered to launch the "Tag to Earn" model, enabling users to contribute to AI training data while earning rewards. This collaboration integrates social engagement, AI, and payments, enhancing value for Metya's vast community.
BlockChainReporter3h ago
Myriad to Use USD1 on BNB Chain as Exclusive Settlement Asset
Prediction market Myriad is transitioning to World Liberty Financial’s USD1 stablecoin as its exclusive settlement asset.
As part of the move, Myriad, owned by _Decrypt_’s parent company Dastan, is migrating its entire prediction market catalog to BNB Chain.
> Welcome to MYRIAD Season 3.
>
> Our b
Decrypt6h ago
Solana ecosystem DeFi protocol Drift will launch cross-chain deposit functionality on March 12.
Gate News Announcement: On March 11, the Solana ecosystem DeFi protocol Drift announced that on March 12, it will launch cross-chain deposit functionality, allowing users to transfer funds from any major trading platform and start trading.
GateNews7h ago
