World Liberty Financial (WLFI) is expected to receive approval to operate a U.S. federal trust bank. According to The Block, the OCC will soon announce its final decision on the bank charter application, and OCC officials are virtually considering the approval a foregone conclusion. Once chartered, WLFI will be able to directly issue and redeem its stablecoin, USD1. Additionally, it will be able to operate reserve management, cryptocurrency custody, and payment and settlement services under a single federal regulatory framework.
