PayPal Applies for Banking License to Expand Lending and Integrate PYUSD

Crypto Valley Journal

Release Time:12/16/2025 10:18:32

PYUSD

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PayPal applies for banking license to boost lending and expand PYUSD integration, positioning itself as one of the altcoins to watch in financial innovation. The fintech firm has filed with the FDIC and Utah regulators to create a chartered industrial bank, aiming to reduce third-party reliance and offer FDIC-insured deposits. Mara McNeill, a senior banking executive, will lead the effort. PayPal has disbursed over $30 billion in loans since 2013 through partner banks. A direct license could enable interest-bearing accounts and deepen digital asset adoption. The move aligns with rising confidence in the market, as the fear and greed index trends toward optimism.

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