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My friends, significant progress has been made in the @worldlibertyfi ecosystem ✍️
The team has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter through WLTC Holdings LLC (World Liberty Trust Company) 🏦
This could enable the issuance, holding, and redemption of the USD1 dollar under federal supervision. A stablecoin backed 1:1 by US dollars, fully supported by US Treasury bonds and cash equivalents, is being planned. 🤝
It also aims to provide secure custody services for institutional investors and build a strong bridge between DeFi and traditional finance.
The application is now among OCC's digital asset licensing applications. Approval would be a significant milestone in the stablecoin industry.
✔️ The team is not just launching a token, but building a broader financial infrastructure.
I will continue to share updates as developments occur. ✍️
This post is for informational purposes only and does not constitute investment advice. Do your own research.