WLFI subsidiary applies to the OCC for a U.S. national trust bank license, planning to launch crypto asset custody and stablecoin exchange services
ChainCatcher news, according to The Wall Street Journal, World Liberty Financial stated that its subsidiary, World Liberty Trust, has submitted a de novo application to the Office of the Comptroller of the Currency (OCC), seeking to obtain a national trust bank license in the United States to enable the direct issuance and custody of its USD stablecoin, USD1.
The company said that if the application is approved, the trust bank will gradually launch crypto asset custody and stablecoin exchange services, mainly serving institutional clients.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bernstein: Software stocks remain at historically low levels of crowding, reversal signals have appeared in crowded trades, Microsoft (MSFT.US) becomes a "must-have" asset
Bernstein states that software stocks remain at their lowest level of crowding in 25 years, with Snowflake being the most crowded stock. Crowded trades have reversed, and it is recommended to carefully select unpopular targets.
Report: DoorDash’s acquisition of Instacart may be finalized as early as Thursday, with a valuation of approximately $17 billion
DoorDash plans to acquire grocery delivery giant Instacart for about 17 billion USD, with the deal expected to be officially announced as early as Thursday. Uber has already withdrawn from the bidding, making DoorDash the sole buyer. If the deal goes through, DoorDash will expand from food delivery into the online grocery delivery sector. However, since the business operations of the two platforms overlap significantly, antitrust scrutiny may become the biggest obstacle.
Wedbush interprets rumors of TSMC (TSM.US) CoWoS price increases: supply chain bottlenecks return, Intel (INTC.US) may face less competitive pressure.
According to reports, TSMC intends to increase the prices of its CoWoS packaging services. Wedbush believes this indicates that the technology has once again become a "bottleneck" in the supply chain.
Crypto prices
More
