coin-img-ETHETH-1.83%coin-img-BTCBTC+1.10%coin-img-UCNUCN+0.30%coin-img-SOLSOL+1.88%coin-img-XRPXRP+0.48%coin-img-USDCUSDC+0.01%coin-img-ASTERASTER-7.57%coin-img-DOGEDOGE+1.15%coin-img-ETHETH-1.83%coin-img-BTCBTC+1.10%coin-img-UCNUCN+0.30%coin-img-SOLSOL+1.88%coin-img-XRPXRP+0.48%coin-img-USDCUSDC+0.01%coin-img-ASTERASTER-7.57%coin-img-DOGEDOGE+1.15%coin-img-ETHETH-1.83%coin-img-BTCBTC+1.10%coin-img-UCNUCN+0.30%coin-img-SOLSOL+1.88%coin-img-XRPXRP+0.48%coin-img-USDCUSDC+0.01%coin-img-ASTERASTER-7.57%coin-img-DOGEDOGE+1.15%coin-img-ETHETH-1.83%coin-img-BTCBTC+1.10%coin-img-UCNUCN+0.30%coin-img-SOLSOL+1.88%coin-img-XRPXRP+0.48%coin-img-USDCUSDC+0.01%coin-img-ASTERASTER-7.57%coin-img-DOGEDOGE+1.15%
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Sujha Sundararajan

PayPal Applies for Utah Industrial Bank Charter to Launch PayPal Bank and Expand PYUSD Services

On Monday, PayPal submitted an application for a Utah state-chartered industrial bank license to establish an industrial loan company called PayPal Bank. The payments firm plans to serve US small businesses with lending, deposits, and direct access to payment networks while extending the reach of its PYUSD stablecoin. The move follows a broader rise in bank charter applications by crypto-related companies and builds on PayPal's existing digital asset integrations.
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