Payoneer has applied to the U.S. Office of the Comptroller of the Currency for a national trust bank license to establish PAYO Digital Bank. This move aims to support stablecoin infrastructure for global businesses. If approved, the bank will facilitate the issuance of the PAYO-USD stablecoin, manage reserves, and offer custody services, enhancing Payoneer's global payment ecosystem. The initiative reflects Payoneer's strategy to integrate stablecoin functionality, connecting nearly two million customers worldwide. CEO John Caplan emphasized the importance of stablecoins in global trade, highlighting the company's commitment to providing regulated payment innovations.