Report: Paxos Seeks US Trust Bank License From OCC

Paxos Trust Company, the cryptocurrency firm behind Paypals stablecoin PYUSD, is seeking a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC), Reuters reported. If approved, Paxos would convert its current New York limited purpose trust charter into a federal one, enabling it to hold assets and settle payments []