Paxos receives ‘preliminary conditional approval’ for US banking charter
The United States Office of the Comptroller of the Currency (OCC) today granted the Stablecoin company and PayPal collaborator Paxos a federal charter to form a national trust bank – just the third such charter that the OCC granted to crypto-native companies.
Paxos joins the custody company Achorage, who was the first to receive a charter in January, and another Guardian Protego, who received their conditional charter in February.
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