Payoneer (NASDAQ: PAYO), the Leader in cross-border marketplace payments, announced that it has applied to the Office of the Comptroller of the Currency (OCC) to commence the establishment of PAYO Digital Bank, N.A., a national trust bank to support an enabled infrastructure for global businesses, as part of the Global Exchange National Balance Sheet System under the Genius Act.
What PAYO Digital Bank Would Enable
If approved, Payoneer will serve its nearly two million customers with regulated digital asset services. The bank would enable:
- Sending/receiving approved stablecoins
- Issuing PAYO-USD as the primary holding currency in Payoneer wallets
- Managing PAYO-USD reserves
- Offering business-grade custodial services
- Providing easy conversion between stablecoins and local currencies
Currently, John Caplan, Payoneer’s CEO, indicated that “we believe Stablecoins represent a meaningful opportunity for global trade and we are committed to providing a regulated and trustworthy manner in which to utilize the latest payment technology.”
Why This Is Important for International Trade
PAYO Digital Bank will promote Americans having access to using U.S. dollars when doing business with people/companies overseas, and decrease the number of obstacles for competing internationally. Payoneer is one of many companies pursuing national trust bank charters since the Genius Act (other applicants include Crypto.com, Circle, Ripple, Paxos, and Fidelity Digital Assets). The company partnered with lawyers from Davis Polk & Wardwell LLP when preparing its application.
PAYO Stock Price
Payonner stocks gain around 2.44% in 24 hours time frame, following the news, but it is still 51% down compared to the same month in 2025. According to some indicators, the stock shows a “Strong Buy.” This new chapter in the firm’s structural journey could catapult its valuations or, at least, recover a portion of it.
