Paxos Reapplied for a National Trust Bank Charter in the United States

Paxos Trust Company, known for issuing stablecoins like PayPal’s PYUSD and Pax Dollar (USDP). Paxos has reapplied for a national trust bank charter in August 2025, aiming to convert its existing New York Department of Financial Services (NYDFS) limited-purpose trust charter into a federal one under OCC oversight. Paxos Trust Company issues several USD-backed stablecoins,

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