Yes, that's right! You'll just need to follow the steps as directed in the Help Center article: https://yt.be/help/1iV5 . Hope this helps.
To clarify, this means your AdSense account has been requested for association and is working as intended. Once you reach the requirements of YPP, our team will look into it and you'll receive a response via email.
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You may want to take a look at this Help Center article that may help answer your question: https://yt.be/help/KTmH . Hope this helps.
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