Key facts
- World Liberty Trust Company received conditional preliminary approval for a national trust charter.
- The Office of the Comptroller of the Currency granted the approval.
- World Liberty Trust Company is linked to Donald Trump and his family's crypto venture.
- The charter will allow the company to issue its USD1 stablecoin.
- The charter will allow the company to custody its backing assets.
The Office of the Comptroller of the Currency (OCC) has granted conditional preliminary approval for a national trust charter to World Liberty Trust Company. This company is linked to Donald Trump and his family's cryptocurrency venture. The approval signifies a major step for World Liberty Trust Company, as the national trust charter will permit the firm to issue its USD1 stablecoin. Furthermore, the charter will enable the company to custody the assets that back this stablecoin. This development allows the Trump-linked entity to operate within the regulated financial sector, focusing on stablecoin issuance and asset custody services.