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

The move follows a broader push for financial deregulation under President Trump that has allowed digital asset companies to obtain preliminary banking charters.

PayPal Holdings (PYPL) submitted applications to the Federal Deposit Insurance Corp. and Utah's Department of Financial Institutions to form a Utah-chartered industrial loan company, in a move to ...

PayPal Holdings Inc. applied to become a bank in the US, looking to take advantage of the Trump administration’s openness to financial-technology companies entering the banking system. The ...

PayPal is quickly moving beyond payments and now looking to directly get into banking in the US. (Photo Illustration by Thomas Trutschel/Photothek via Getty Images) When PayPal announced in ...

PayPal Holdings, Inc.’s recent application for a bank charter directly contradicts the asset-light argument that underpinned my September upgrade—I analyze whether this strategic pivot breaks the ...