Payoneer’s OCC Charter Application and PAYO-USD Stablecoin

Global financial services company Payoneer has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter in the US. This move could enable it to establish PAYO Digital Bank, issue GENIUS Act-compliant PAYO-USD stablecoin, use it as a holding unit in Payoneer wallets, and offer customers services such as receiving stablecoin payments, reserve management, custody, and conversion to local currency. The company partnered with stablecoin infrastructure firm Bridge last week to add stablecoin features to its cross-border transactions-focused platform.

Payoneer CEO: Stablecoins Play a Key Role in Global Trade

Payoneer CEO John Caplan emphasized that stablecoins will play an important role in global trade. The OCC gave conditional approval to Crypto.com on Monday, while Circle, Ripple, Fidelity Digital Assets, BitGo, and Paxos received approval in December. The Trump family’s World Liberty Financial (WLFI) applied for a charter for its USD1 stablecoin in January, as did Laser Platform and Coinbase. Payoneer aims to simplify cross-border trade by offering regulated stablecoin solutions to nearly 2 million SME customers.

Coordinated Attack on WLFI USD1 Stablecoin: Parity Drops to 0.9924

This morning, WLFI announced on the X platform that a coordinated attack had been launched against its USD1 stablecoin. WLFI’s USD1 parity experienced a sharp drop to 0.9924 dollars in the last hour. This incident is igniting discussions on regulation and security in the stablecoin market, making the timing of steps like Payoneer’s OCC application critical. The attack highlights weaknesses in reserve management and custody services.

Technical Analysis of ALT and Related Crypto Assets

Stablecoin news is affecting the ALT detailed analysis market. ALT’s current price is 0.01$ with a +1.91% change in 24 hours. RSI 33.28 in the oversold region, trend downtrend and Supertrend bearish. EMA 20: 0.0084$. Supports: S1 0.0069$ (strong, -7.88%), S2 0.0074$ (-1.20%). Resistances: R1 0.0075$ (+0.13%), R2 0.0137$ (+82.91%). WLFI and XRP futures are also experiencing volatility.

Payoneer’s Stablecoin Strategy Will Provide a Competitive Advantage

Payoneer’s move could stand out in competition with platforms like CRO detailed analysis. The model focused on 2 million SMEs could transform cross-border payments. As OCC decisions shape the stablecoin ecosystem, events like the WLFI attack increase the need for regulation.