DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Research Bitcoin News

Report: Paxos Seeks US Trust Bank License From OCC

Paxos Trust Company, the cryptocurrency firm behind Paypal’s stablecoin PYUSD, is seeking a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC), Reuters reported. If approved, Paxos...

Report: Paxos Seeks US Trust Bank License From OCC
Paxos Trust Company, the cryptocurrency firm behind Paypal’s stablecoin PYUSD, is seeking a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC), Reuters reported. If approved, Paxos would convert its current New York limited purpose trust charter into a federal one, enabling it to hold assets and settle payments […]

Original source

Read on Bitcoin News

Related market context