Major move in crypto finance: World Liberty Financial just filed for a national trust banking charter with the Office of the Comptroller of the Currency (OCC). What's the significance? This would grant them direct federal authorization to issue, hold, and redeem their USD1 stablecoin under official banking supervision. It's a notable shift—bringing institutional stablecoin operations into the regulated banking framework rather than operating in grey zones. The OCC approval would represent a major validation of stablecoin infrastructure in the traditional financial system. This signals ongoing momentum toward bringing crypto-native financial products into mainstream regulatory channels.
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DAOdreamer
· 01-09 19:33
The road to compliance is long; let's wait until OCC officially approves it.
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FadCatcher
· 01-08 22:55
Wow, now the official troops are really entering the scene. OCC's approval of stablecoins means they finally have backing and support.
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TokenVelocityTrauma
· 01-08 22:54
ngl this is the right way, better than messing around in the gray area
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BridgeNomad
· 01-08 22:46
ngl the occ play is smart optics, but let's be real—who's actually auditing the reserve mechanics here? seen too many "regulated" stablecoins implode when the plumbing breaks. regulatory approval ≠ counter-party risk solved, feel me
Major move in crypto finance: World Liberty Financial just filed for a national trust banking charter with the Office of the Comptroller of the Currency (OCC). What's the significance? This would grant them direct federal authorization to issue, hold, and redeem their USD1 stablecoin under official banking supervision. It's a notable shift—bringing institutional stablecoin operations into the regulated banking framework rather than operating in grey zones. The OCC approval would represent a major validation of stablecoin infrastructure in the traditional financial system. This signals ongoing momentum toward bringing crypto-native financial products into mainstream regulatory channels.