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Stablecoin issuer Paxos is applying for a trust bank license from the Office of the Comptroller of the Currency in the United States.
On August 11, according to market news, stablecoin issuer Paxos stated that it is applying for a trust bank license from the U.S. Office of the Comptroller of the Currency and plans to open an office in the U.S. to expand its regulated Financial Service.