Crypto
Payoneer pushes to set up bank and issue stablecoin
Payoneer is pursuing the establishment of a digital bank under federal supervision and the issuance of a new stablecoin, The Block reported on Feb. 24 local time. The company submitted an application to the U.S. Office of the Comptroller of the Currency to set up the PAYO digital bank. If approved, it plans to issue a dollar-linked PAYO-USD token and provide digital asset custody services. Payoneer said stablecoins will play an important role in global payments.
