The move would allow the firm to originate loans directly, hold customer deposits, and access payment networks without relying on third-party partners.

The company behind the PYUSD stablecoin said it wants to offer business lending and interest-bearing savings accounts.

PayPal says it has now submitted its own applications to establish a PayPal Bank in the US. PayPal Holdings, Inc today announced it has submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation to establish PayPal Bank, a proposed Utah-chartered industrial loan company.

YouTube has rolled out a new payment option for creators in the United States. Instead of receiving earnings only in traditional U.S. dollars, creators can now choose to be paid in PayPal’s stable coin,

Payments giant PayPal formally applied for a Utah state-chartered industrial bank license on Monday, joining a number of fintech and crypto firms seeking bank charters to expand their services.The digital payments company aims to create an industrial loan arm called PayPal Bank to offer business lending solutions to “small businesses

YouTube now lets US creators receive their earnings in PayPal’s PYUSD stablecoin, marking a new crypto payout option on the platform.