WLFI Plans USD1 Payments for Major Online Businesses
By Abdelaziz Fathi
AI summary of the source article
World Liberty Financial announced a partnership with crypto payments provider Mesh to make its USD1 stablecoin spendable across Mesh's merchant network in the fourth quarter. USD1, whose market cap reached about $4.43 billion on October 6, is currently issued by BitGo. World Liberty is preparing to bring issuance, redemption, and custody in-house through World Liberty Trust Company, which secured preliminary conditional approval for a national trust bank charter from the OCC on August 14. The company is pursuing a dual-track strategy to broaden commercial payment utility while navigating federal regulatory and capital standards.
Why it matters
The move tests whether USD1 can transition from trading settlement into mainstream commercial payments while bringing stablecoin issuance under direct federal supervision.
Key facts
- World Liberty Financial and Mesh plan to enable USD1 merchant payments in the fourth quarter.
- USD1's market capitalization reached approximately $4.43 billion on October 6.
- The OCC granted World Liberty Trust Company preliminary conditional approval for a national trust bank charter on August 14.