Payoneer joins rush of fintechs bidding for US bank charters

CoinTelegraph

by Brayden Lindrea

February 25, 2026

AI-Generated Deep Dive Summary

Payoneer has joined a growing list of fintech companies seeking US banking charters, following in the footsteps of notable firms like Crypto.com, Coinbase, World Liberty Financial, and Laser Digital. The global financial services firm filed with the Office of the Comptroller of the Currency to establish PAYO Digital Bank, which aims to enable the issuance of a stablecoin called PAYO-USD under the GENIUS Act. This move aligns with Payoneer's push to expand its crypto capabilities, particularly in cross-border transactions and wallet services. In recent weeks, Payoneer has also partnered with stablecoin infrastructure firm Bridge to integrate stablecoin functionalities into its platform. The company’s efforts reflect a broader trend among fintechs looking to leverage the regulatory clarity and operational benefits of obtaining a national trust banking charter in the US. By securing this charter, Payoneer could enhance its ability to offer crypto-related services, including enabling users to hold, send, and receive stablecoins directly through their wallets. This growing wave of fintech companies pursuing banking charters underscores the increasing integration of cryptocurrency and traditional finance.

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Originally published on CoinTelegraph on 2/25/2026