🚀 Payoneer Seeks U.S. National Trust Bank Charter for Stablecoin Issuance
#Payoneer #Stablecoin #USBankCharter #PAYOUSD #StablecoinRegulationAct #CrossBorderPayments #FiatExchange #CustodyServices
Payoneer has submitted an application for a U.S. national trust bank charter to facilitate the issuance of its stablecoin, PAYO-USD, in accordance with the Stablecoin Regulation Act. According to NS3.AI, obtaining approval would grant Payoneer direct oversight of stablecoin reserves and enable the company to offer custody and fiat exchange services. Previously, Payoneer collaborated with Stripe's stablecoin operator, Bridge, to incorporate stablecoin payments into its cross-border platform.#Payoneer #Stablecoin #USBankCharter #PAYOUSD #StablecoinRegulationAct #CrossBorderPayments #FiatExchange #CustodyServices