Payoneer becomes latest fintech to apply for US national trust bank charter

New York-based payments platform Payoneer has filed an application with the Office of the Comptroller of the Currency (OCC) to establish a stablecoin-focused national trust bank.

The company describes the move as a “critical next step” in its strategy to “integrate stablecoin capabilities into its global payments ecosystem”, which serves nearly two million small and medium-sized businesses (SMBs).