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USD1 has $4.6B in circulation across 6 chains.
Now the team behind it is close to getting official approval from the OCC → the US regulator that oversees national banks. 🤯
In plain terms: the dollars backing every #USD1 would move into a federally supervised bank, examined by US regulators.
Two former OCC insiders told The Block approval is near-certain.
This doesn’t change the price today. It changes who can use it tomorrow → funds and institutions that currently can’t touch a crypto-native issuer.