PANews reported on December 16th that, according to CoinDesk, payment company PayPal (stock code: PYPL) announced on Monday that it has applied for an industrialPANews reported on December 16th that, according to CoinDesk, payment company PayPal (stock code: PYPL) announced on Monday that it has applied for an industrial

PayPal has applied for a license to operate an industrial bank in Utah to create a lending institution, PayPal Bank.

2025/12/16 08:06
1 min read

PANews reported on December 16th that, according to CoinDesk, payment company PayPal (stock code: PYPL) announced on Monday that it has applied for an industrial banking license in Utah, aiming to create a lending institution called "PayPal Bank." The company operates the PYUSD stablecoin through a partnership with Paxos. In a press release, it stated plans to provide "business loan solutions" for small businesses, open interest-bearing savings accounts for other customers, and also intends to partner with credit card networks. Furthermore, PayPal has applied for deposit insurance coverage from the Federal Deposit Insurance Corporation.

Although PayPal's statement on Monday did not mention its own cryptocurrency business, the company has recently increased its investment in the area. Earlier this year, it added wallet-to-wallet cryptocurrency transfer functionality, allowing users to create personalized links to send or request funds in cryptocurrency. In addition, PayPal launched the "Pay with Crypto" feature for its merchant services, acting as an intermediary to enable merchants to accept cryptocurrency as a payment method.

Market Opportunity
Lorenzo Protocol Logo
Lorenzo Protocol Price(BANK)
$0.04128
$0.04128$0.04128
-2.18%
USD
Lorenzo Protocol (BANK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

A whale that made a 141% profit on PUMP three days ago bought 321 million TRUMPs today, with a floating profit of $223,000.

A whale that made a 141% profit on PUMP three days ago bought 321 million TRUMPs today, with a floating profit of $223,000.

PANews reported on September 18th that according to Lookonchain monitoring, whale H56YMH sold 317 million PUMPs (worth approximately $2.53 million) at an average price of $0.008 three days ago, realizing a net profit of $1.48 million (a 141% return). Subsequently, eight hours ago, it purchased 321 million TRUMPs at an average price of $0.007835, resulting in unrealized profits of $223,000.
Share
PANews2025/09/18 10:36
Tokenized Assets Shift From Wrappers to Building Blocks in DeFi

Tokenized Assets Shift From Wrappers to Building Blocks in DeFi

The post Tokenized Assets Shift From Wrappers to Building Blocks in DeFi appeared on BitcoinEthereumNews.com. RWAs are rapidly moving on-chain, unlocking new opportunities for investors and DeFi protocols, according to a new report from Dune and RWAxyz. Tokenized real-world assets (RWAs) are moving beyond digital versions of traditional securities to become key building blocks of decentralized finance (DeFi), according to the 2025 RWA Report from Dune and RWAxyz. The report notes that Treasuries, bonds, credit, and equities are now being used in DeFi as collateral, trading instruments, and yield products. This marks tokenization’s “real breakthrough” – composability, or the ability to combine and reuse assets across different protocols. Projects are already showing how this works in practice. Asset manager Maple Finance’s syrupUSDC, for example, has grown to $2.5 billion, with more than 30% placed in DeFi apps like Spark ($570 million). Centrifuge’s new deJAAA token, a wrapper for Janus Henderson’s AAA CLO fund, is already trading on Aerodrome, Coinbase and other exchanges, with Stellar planned next. Meanwhile, Aave’s Horizon RWA Market now lets institutional users post tokenized Treasuries and CLOs as collateral. This trend underscores a bigger shift: RWAs are no longer just copies of traditional assets; instead, they are becoming core parts of on-chain finance, powering lending, liquidity, and yield, and helping to close the gap between traditional finance (TradFi) and DeFi. “RWAs have crossed the chasm from experimentation to execution,” Sid Powell, CEO of Maple Finance, says in the report. “Our growth to $3.5B AUM reflects a broader shift: traditional financial services are adopting crypto assets while institutions seek exposure to on-chain markets.” Investor demand for higher returns and more diversified options is mainly driving this growth. Tokenized Treasuries proved there is strong demand, with $7.3 billion issued by September 2025 – up 85% year-to-date. The growth was led by BlackRock, WisdomTree, Ondo, and Centrifuge’s JTRSY (Janus Henderson Anemoy Treasury Fund). Spark’s $1…
Share
BitcoinEthereumNews2025/09/18 06:10
Trader Leaves Crypto Permanently After Losing $10,000 to LIBRA

Trader Leaves Crypto Permanently After Losing $10,000 to LIBRA

One year has passed since Argentine President Javier Milei backed a project that drove hundreds of thousands of people worldwide to invest in Libra, a meme coin
Share
Coinstats2026/02/20 06:56