Payoneer Applies for US Bank Charter to Launch Its Own Stablecoin
Hey Digital Banking Fanatic!
Payoneer is applying for a U.S. national trust bank charter.
The company has filed with the OCC to establish PAYO Digital Bank, N.A., a federally regulated national trust bank designed to support stablecoin-enabled payments for global SMBs.
If approved, Payoneer would be able to issue its own stablecoin under the new GENIUS Act framework, manage reserves, provide custodial wallets, and handle seamless on and off-ramps into local currencies.
This is where it gets strategic...
Payoneer serves nearly 2 million businesses, many operating in emerging markets where cross-border friction is real.
Stablecoins are shifting from trading tools to settlement rails. Instead of relying solely on correspondent banking networks, Payoneer is positioning itself to shorten settlement cycles and control more of its own infrastructure stack.
I'm watching something structural happen: Banks are building stablecoin rails.
FinTechs are applying for charters. Stablecoins are moving into federally supervised frameworks.
The line between a crypto company and a regulated financial institution is fading fast.
Scroll down and check out the stories that are shaking up the industry today👇 I’ll be back tomorrow with more signals.
Cheers,
INSIGHTS
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