Payoneer Pursues Federal Oversight for Digital Bank and Stablecoin Initiative

Payoneer, a global payment and commerce platform, has formally initiated steps to deepen its integration within the regulated financial system. The company recently filed an application with the Office of the Comptroller of the Currency (OCC) to establish PAYO Digital Bank. This strategic move also includes plans for the issuance of a new stablecoin under federal oversight.

This development signi

Sector: Finance | Confidence: 97%
Source: https://www.theblock.co/post/391062/payoneer-federal-occ-filing-plans-bank-new-stablecoin

#FIRE #Circle #finance