USD1 This week I got something really important:
A banking license.
On August 14, the U.S. Office of the Comptroller of the Currency (OCC) granted World Liberty Trust Company’s National Trust Bank license an initial conditional approval.
In plain English: USD1 can now issue and redeem on its own and manage its reserves. No need to rely entirely on third-party custody anymore (previously, most of this was handled by BitGo). Get the license and do it yourself.
This isn’t a typical commercial bank. It doesn’t take deposits or make loans. It’s a federally regulated entity dedicated to trusts and digital asset custody.
Reserves include cash, short-term U.S. Treasuries, and money market funds—things like that.
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Why do I think this step matters more than the previous exchange listing or getting some celebrity endorsement?
In the stablecoin business, it ultimately comes down to one thing: whether institutions dare to put big money in.
What do institutions look at before they move money in?
Licensing, the regulatory framework, reserve transparency, and the redemption mechanism.
No matter how strong your political narrative is, without these, big capital won’t touch you.
Right now, USD1’s market cap is around the $4 billion range—about fourth in the stablecoin space. It’s deployed across multiple chains (Ethereum, BNB Chain, Solana, Tron).
Before this, it relied on the Trump label and topic-driven traffic to surge.
But after getting this license, it now has the legitimacy to compete on the same level as USDC.
Circle already has a New York trust license, and now World Liberty has a federal trust license too.
The race moves from “who has the toughest background” to “who’s more fully in a proper compliance framework.”
————
Of course, this is still only an initial conditional approval for now.
It must meet a minimum $20 million in Tier 1 capital and a series of compliance requirements. Even before final approval, it could still be revoked or changed.
We’re not at the finish line yet, but the direction is already very clear.
Earlier, I wrote about USD1 pulling in Cb’s people to become CBO. Now it has also obtained a federal license.
Looking at the two steps together, this project really is moving from political meme status toward becoming proper financial infrastructure.
Whether it will go all the way is another question. But at least each step is moving in the right direction.
The above content is for information disclosure only and does not constitute any investment advice. DYOR.
#USD1
A banking license.
On August 14, the U.S. Office of the Comptroller of the Currency (OCC) granted World Liberty Trust Company’s National Trust Bank license an initial conditional approval.
In plain English: USD1 can now issue and redeem on its own and manage its reserves. No need to rely entirely on third-party custody anymore (previously, most of this was handled by BitGo). Get the license and do it yourself.
This isn’t a typical commercial bank. It doesn’t take deposits or make loans. It’s a federally regulated entity dedicated to trusts and digital asset custody.
Reserves include cash, short-term U.S. Treasuries, and money market funds—things like that.
//
Why do I think this step matters more than the previous exchange listing or getting some celebrity endorsement?
In the stablecoin business, it ultimately comes down to one thing: whether institutions dare to put big money in.
What do institutions look at before they move money in?
Licensing, the regulatory framework, reserve transparency, and the redemption mechanism.
No matter how strong your political narrative is, without these, big capital won’t touch you.
Right now, USD1’s market cap is around the $4 billion range—about fourth in the stablecoin space. It’s deployed across multiple chains (Ethereum, BNB Chain, Solana, Tron).
Before this, it relied on the Trump label and topic-driven traffic to surge.
But after getting this license, it now has the legitimacy to compete on the same level as USDC.
Circle already has a New York trust license, and now World Liberty has a federal trust license too.
The race moves from “who has the toughest background” to “who’s more fully in a proper compliance framework.”
————
Of course, this is still only an initial conditional approval for now.
It must meet a minimum $20 million in Tier 1 capital and a series of compliance requirements. Even before final approval, it could still be revoked or changed.
We’re not at the finish line yet, but the direction is already very clear.
Earlier, I wrote about USD1 pulling in Cb’s people to become CBO. Now it has also obtained a federal license.
Looking at the two steps together, this project really is moving from political meme status toward becoming proper financial infrastructure.
Whether it will go all the way is another question. But at least each step is moving in the right direction.
The above content is for information disclosure only and does not constitute any investment advice. DYOR.
#USD1