PayPal Files to Become U.S.-Chartered 'PayPal Bank'

Published at 2025-12-16 01:30:07

PayPal has applied for a U.S. banking charter and intends to operate as “PayPal Bank,” the company told regulators. The filing signals a strategic push to bring more of its payments and custody operations under a federally chartered, supervised bank entity.

If approved, PayPal Bank would gain direct access to deposit-taking, potential FDIC coverage and closer oversight by federal regulators — capabilities that can lower costs, simplify settlement and expand product offerings, including crypto-related custody and payments. The application continues a broader trend of digital-asset and payments firms seeking bank charters to bolster consumer protections and institutional trust, though approval timelines and regulatory scrutiny remain uncertain.

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New data shows the SEC reduced crypto enforcement actions by nearly 60% during the Trump administration, easing scrutiny on firms like Ripple and Binance. The agency maintains the shift was not politically motivated.

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Published at 2025-12-16 09:16:38

SHIB Scores Institutional Boost as Coinbase Launches U.S.-Regulated Derivatives

Coinbase has gone live with a U.S.-regulated derivatives product linked to a SHIB index fund, a rare institutional-level integration for a meme token. The move gives traders regulated exposure to Shiba Inu through a sophisticated derivatives vehicle.

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Published at 2025-12-16 09:15:57

Mastercard and ADI Foundation Bring Stablecoin Settlements to UAE

Mastercard is expanding its stablecoin-based settlement capability to the UAE through a partnership with Abu Dhabi–based ADI Foundation, covering both domestic and cross-border payments. The move could accelerate settlement times and support the UAE's broader digital finance ambitions.

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Published at 2025-12-16 09:15:32

Nexo Secures Multi-Year Australian Open Sponsorship Deal

Nexo has signed a multi-year sponsorship agreement with the Australian Open as cryptocurrency brands re-emerge in global sports. The move boosts Nexo's mainstream visibility amid a wider return of crypto sponsorships to major events.

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Published at 2025-12-16 08:15:24

FSOC Drops Crypto From Financial Vulnerabilities List in 2025 Report

The Financial Stability Oversight Council removed digital assets from its list of financial stability vulnerabilities in its 2025 annual report, signaling a lower systemic risk assessment for crypto.