Wu Blockchain (@WuBlockchain): According to WSJ, World Liberty Financial said that one of its entities has filed a de novo application with the U.S. Office of the Comptroller of the…
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According to WSJ, World Liberty Financial said that one of its entities has filed a de novo application with the U.S. Office of the Comptroller of the Currency (OCC) to seek a national trust bank charter, which would allow it to directly issue and custody its dollar-backed stablecoin, USD1. If approved, the trust bank plans to gradually offer crypto custody and stablecoin conversion services, primarily serving institutional clients. https://www.wsj.com/finance/currencies/world-liberty-flagship-in-trumps-crypto-fleet-seeks-a-u-s-banking-license-72cca502?mod=Searchresults&pos=1&page=1