Payoneer has filed an application with the Office of the Comptroller of the Currency (OCC) to establish PAYO Digital Bank, N.A., aiming to become a national trust bank and issue a regulated dollar-backed stablecoin named PAYO-USD. This move places Payoneer among a growing number of financial technology companies seeking to leverage the regulatory environment shaped by the GENIUS Act, which offers federal guidelines for stablecoin issuance and allows these firms to operate under unified federal oversight rather than a patchwork of state regulations. By obtaining a national trust bank charter, Payoneer plans to enhance its cross-border payment services, utilizing stablecoins to support global trade for small and medium-sized businesses.
Payoneer files with OCC for national trust bank charter, plans stablecoin issuance
