Payoneer filed with the Office of the Comptroller of the Currency (OCC) to form PAYO Digital Bank under a national trust bank charter, according to the company.
The filing came about a week after Payoneer partnered with stablecoin infrastructure firm Bridge to add stablecoin functions to its platform. Payoneer focuses on cross border transfers tied to global payments.
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Payoneer said an OCC national trust bank charter could let it run a regulated structure for crypto related services. It also said the charter could support stablecoin activity inside Payoneer wallets.
PAYO USD Stablecoin Plan Targets GENIUS Act Compliant Stablecoin Rules
Payoneer said it seeks to issue a GENIUS Act compliant stablecoin called PAYO USD. Payoneer also described PAYO USD stablecoin as a holding currency for Payoneer wallets.
The company said customers could pay and receive stablecoins through the platform. In addition, Payoneer said the setup could support stablecoin use for cross border transfers.
John Caplan, Payoneer’s CEO, said:
“We believe stablecoins will play a meaningful role in the future of global trade.”
Payoneer tied that statement to planned stablecoin payments and wallet balances.
OCC National Trust Bank Charter Would Expand Stablecoin Custody Services
Payoneer said OCC approval would let it manage PAYO USD reserves. It also said the charter would support stablecoin custody services.
Payoneer said the structure could help customers convert between stablecoins and local currency. It framed the feature as part of its existing cross border transfers model.
Payoneer said it serves nearly two million customers. It said most are small and medium sized businesses that use the platform for cross border transfers and business payments.
Fintech Banking Charter Wave Includes Crypto.com, Coinbase, and Others
Payoneer’s filing joined other fintech banking charter efforts in the United States. Several crypto and fintech firms have pursued an OCC national trust bank charter in recent months.
Crypto.com received conditional approval for a charter on Monday, according to the report you shared. The same report linked that decision to a wider fintech banking charter push.
The report also said Coinbase has awaited a decision on its application since October. It also said Laser Digital submitted an application in January, alongside another applicant.
World Liberty Financial and Stablecoin Applicants Await OCC Decisions
The report said World Liberty Financial, linked to the Trump family, applied in January. It said the group seeks the charter to expand the use of its USD1 stablecoin.
The report also listed earlier charter wins by crypto firms. It said Circle, Ripple, Fidelity Digital Assets, BitGo, and Paxos won banking charters in December.
Payoneer said OCC approval would support a regulated stablecoin option for business cross border transfers. It also said the stablecoin structure could reduce friction for payments that move between currencies and corridors.
OCC Leadership Says New Charters Support Competition and Access
In December, Comptroller of the Currency Jonathan Gould addressed new charter entrants, according to the report. It quoted Gould saying new entrants are “good for consumers, the banking industry and the economy.”
The quote also said new entrants provide access to new products and services. It also said new entrants support a dynamic and diverse banking system.
Payoneer’s application now sits inside the same OCC review pipeline as other fintech banking charter requests.
The company said the charter would support PAYO Digital Bank, the PAYO USD stablecoin, and related custody and conversion services.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: February 25, 2026 • 🕓 Last updated: February 25, 2026
