Скачать или смотреть 🧐👉 Why Stablecoin Giants Are Rushing for National Bank Charters

🏛️ Paxos Joins the Race for a National Trust Charter 🏛️

Stablecoin issuer Paxos is making a significant move to deepen its integration with the traditional financial system, following in the footsteps of rivals Circle and Ripple.

What's Happening?
**Application Filed**: Paxos has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to obtain a national trust charter.
**State to Federal**: The primary goal is to convert its current New York Department of Financial Services (NYDFS) license into a federal one, bringing its operations under the direct oversight of a national regulator.

The Bigger Picture: A Regulatory Arms Race 🏃‍♂️
This isn't an isolated event. The move aligns Paxos with competitors Circle (issuer of USDC) and Ripple (issuer of RLUSD), who have also recently sought national charters. This trend is largely driven by the new GENIUS Act, which has created a clearer federal framework for stablecoin issuers, prompting them to seek higher-level regulatory legitimacy.

Why Does This Matter? 🤔
**For the Industry**: A national charter allows companies to operate across the United States without the complex process of securing licenses in every state. It's a huge step towards standardizing regulation and enhancing trust.
**For Users**: For those who use stablecoins like PayPal's PYUSD (issued by Paxos), this could mean enhanced security and transparency, similar to what you'd expect from a traditional bank. However, it also signifies tighter federal control and compliance requirements, representing a trade-off between crypto's decentralized roots and the safety of regulated finance.

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