National Bank License

Highlights: Paxos seeks U.S. trust bank license to boost federal oversight. The approval would allow Paxos to hold assets and settle payments. The firm joins Ripple and Circle in applying for OCC trust charters. Paxos, the cryptocurrency firm behind PayPal’s […]

Highlights: Ripple filed for a federal charter to bring RLUSD under both state and federal stablecoin supervision. Circle also applied to the OCC as stablecoin firms prepare for new rules under the GENIUS Act. Ripple’s custody arm applied for a […]