Payoneer Files for US Bank Charter amid Fintech Push
Payoneer has applied for a US national trust bank charter as fintech and crypto firms increasingly seek regulated pathways to offer stablecoin and custody services.
Payoneer has applied for a US national trust bank charter as fintech and crypto firms increasingly seek regulated pathways to offer stablecoin and custody services.
Crypto.com has received conditional approval for a national bank trust charter from the OCC, signaling continued regulatory engagement with digital asset firms seeking federal oversight.
JPMorgan acknowledged in a court filing that it closed accounts linked to Donald Trump after the January 2021 Capitol events, intensifying scrutiny over debanking practices.
Crypto advocates are countering Wall Street calls for a blanket ban on stablecoin yield as US lawmakers debate key provisions in pending market structure legislation.
Tether has made a $100 million equity investment in Anchorage Digital, deepening its partnership with the federally regulated US crypto bank.
Tether has formally launched USA₮, a federally regulated, dollar-backed stablecoin issued by Anchorage Digital Bank under the United States’ new GENIUS Act framework.
Nearly 40% of UK bank transfers to crypto exchanges are blocked or delayed, according to a new industry survey that raises concerns over debanking and the UK’s digital asset ambitions.
Revolut is reportedly planning to apply for a US banking license, dropping earlier plans to acquire a local lender as it accelerates its global expansion.
Coinbase CEO Brian Armstrong plans to meet banking executives at the World Economic Forum as negotiations over the stalled US crypto market structure bill shift from Washington to Davos.
JPMorgan CFO Jeremy Barnum criticized stablecoin yield offerings, arguing they resemble bank deposits without equivalent regulatory safeguards.
World Liberty Financial has applied for a national trust banking charter to internalize issuance and custody of its USD1 stablecoin and expand institutional use.
RAKBank has received in-principle approval from the UAE central bank to issue a dirham-backed stablecoin, adding another regulated lender to the country’s expanding digital payments landscape.
US community banks are urging lawmakers to amend the GENIUS Act to prevent stablecoin-linked yield programs, warning that the practice could accelerate deposit outflows and weaken local lending.
Barclays has made its first equity investment tied to stablecoins, backing Ubyx as global banks look for regulated exposure to tokenized cash infrastructure without issuing tokens themselves.
SoFi Technologies has introduced SoFiUSD, a fully reserved US dollar stablecoin issued by its regulated banking subsidiary to support payments and settlement use cases.