📢 Paxos Goes for U.S. National Trust Bank License.
Paxos — the regulated blockchain infrastructure firm behind PayPal USD (PYUSD) — has applied for a U.S. national trust bank charter.
If approved, this move would let Paxos operate nationwide under federal oversight, offer custody, settlement, and stablecoin services directly within the traditional banking system.
It’s part of a bigger trend: crypto firms are securing bank licenses to bridge TradFi and DeFi.
Why it matters: This could give stablecoins a seat at the big banks’ table, boosting trust, compliance, and mainstream adoption.
If you want, I can also give you a 3-bullet impact breakdown showing exactly how this affects Bitcoin, stablecoins, and the market.
