usd1 filed for an occ trust bank charter january 7. circle got conditional approval after 12 months. that puts usd1's decision window at q3-q4 2026. first stablecoin-only federal bank charter ever attempted. wlfi at $0.17 controls the governance. binance holds 90% of the $4.75b supply and got paid $40m to keep it there. the occ decision is binary.