Agora got a clock from the OCC, not a bank

preliminary conditional approval, Sept. 18:
🔸 10 million of tier 1 capital within 12 months
🔸 open within 18 months or it expires

that's a starting line
December 2025 had five crypto trust charters at this stage, two became live banks

AUSD: 265.9 million. USD1: 4.39 billion. the charter buys distribution, not size

my stables sit in Simple Earn Flexible, zero AUSD there. i'll post again when this one opens or lapses, follow if you want to see which