Paxos Applies for National Trust Bank License in the US
Paxos, the issuer of the PYUSD stablecoin (PayPal USD), has applied for a national trust bank license with the US OCC. If approved, this will strengthen its federal oversight, bringing Paxos closer to a bank-like role—without accepting regular deposits.
This effort follows similar applications by Circle and Ripple, while Anchorage Digital remains the only crypto platform that already has such a charter.
---
