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World Liberty Financial Seeks US National Trust Bank Charter to Issue USD1 Stablecoin
World Liberty Financial has applied for a US national trust bank charter so that World Liberty Trust can issue and custody its dollar-backed stablecoin USD1 under federal oversight. If the Office of the Comptroller of the Currency approves the de novo application, USD1, which has reached about $3.4B in market value, would be managed within a bank-style regulatory framework while targeting institutional users.
USD1
USD1+0.03%
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Fireblocks acquires crypto accounting firm TRES for $130 million to boost compliance tools
Digital asset infrastructure provider Fireblocks has acquired crypto accounting and tax compliance platform TRES for $130 million to enhance its institutional product suite. The deal is aimed at helping clients manage audit-ready, tax-compliant records as stablecoin settlements reach hundreds of billions of dollars each month and more enterprises move treasury flows on-chain. TRES will continue operating as a standalone product while its infrastructure is integrated into Fireblocks' stack.
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