(22 June 2026 – United States) Payoneer is set to join fellow payments companies that have launched their own stablecoins or plan to do so once they gain approval from the Office of the Comptroller of the Currency to establish its own bank.
The international payment firm plans to launch its own “PAYO-USD” stablecoin after it is granted approval from the Office of the Comptroller of the Currency for a banking licence to become PAYO Digital Bank.
Payoneer’s stablecoin is designed to encourage greater transaction volume revenue as opposed to earning interest income on reserves which represents a preferred revenue model for other stablecoin issuers.
The New York-headquartered fintech is one of multiple payment companies such as Western Union and MoneyGram that view stablecoins as a method for simplifying and streamlining liquidity operations and cross border payments.
“If you think about our business, we help these global businesses who are operating across borders collect funds in one jurisdiction, we issue a balance to that customer, we safeguard the funds that back that balance, and then we facilitate payouts in all of the markets they operate in” commented Payoneer Head of Stablecoins, Rob Morgan.
“Payoneer’s customers really sit squarely within where we think stablecoin can make an impact for global small and medium-size businesses. When you’re doing cross-border, when it becomes more complex, that’s when these technologies really shine.”
“Payoneer accounts are global, multi-currency balances. Our customers pay and get paid in a variety of currencies. We want them to be able to do the same in stablecoin. Our goal is not to distribute this token around the world; it is to simplify our customers’ experience. They have one balance. Payoneer is the one that owes them the funds, not a third party downstream. And we have the ability to then take those funds, because we hold the reserves, and off-ramp them more quickly and push fiat around the world.”