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This is worth keeping an eye on.
The Block reports that $WLFI application for an OCC national trust charter is nearing approval, citing two former OCC officials.
Nothing has been confirmed yet, but if approved, it would make World Liberty Trust Company the first OCC chartered trust bank built for stablecoin issuance.
USD1 already has a $4.6B supply, so the bigger story isn't growth, it's moving issuance and reserves under a federally supervised banking structure.
Now we wait for the official decision.