PayPal, issuer of PYUSD, applies for Utah industrial bank license
Payments company PayPal (PYPL) applied for a Utah industrial bank license, it said Monday, with the goal of creating a lending arm called PayPal Bank. The company, which also operates the PYUSD stablecoin through a partnership with Paxos, said in a press release it intends to “provide business lending solutions” to small businesses and interest-bearing...
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