Paxos Trust Company, the cryptocurrency firm behind PayPal's stablecoin, said it is applying to create a national trust bank ...

The stablecoin issuer seeks to convert its New York Department of Financial Services license to federal oversight ...

Paxos has joined the list of firms seeking a national trust charter, with the stablecoin issuer following Circle and Ripple ...

Paxos has applied to convert its New York Department of Financial Services bank charter into a national trust charter under ...

Paxos Trust Company, the cryptocurrency firm behind PayPal’s stablecoin, has applied to become a national trust bank in the ...

The application comes after the blockchain infrastructure company completed a pilot in 2021 to test its settlement service.

Paxos Trust Company applies for a US trust bank license, aiming for greater oversight amid regulatory actions and stablecoin ...

Paxos, the blockchain infrastructure firm, has recently announced its strategic decision not to pursue a de novo bank license ...

Paxos applied for a US national trust bank charter, seeking federal regulatory oversight from OCC as it expands its digital ...

Paxos, issuer of PayPal’s PYUSD stablecoin, has filed for a US national trust bank charter to replace its New York license, renewing an effort that stalled in 2023.

Paxos Trust reached a $48.5 million settlement to resolve New York charges the virtual currency company failed to police ...

New York's bank regulator says Paxos ignored obvious money-laundering red flags and lacked basic compliance controls, ...