CoinDesk·4 min read·medium
Trump-backed World Liberty wins conditional bank charter from federal regulator
N
Nikhilesh De
✦AI Summary
The Office of the Comptroller of the Currency has granted a conditional national trust bank charter to World Liberty, a company partially owned by President Trump. The bank will focus on fiduciary services and the issuance of the USD1 stablecoin.
The Office of the Comptroller of the Currency, the U.S. banking agency that grants federal charters, said in a letter posted to its website that World Liberty could operate fiduciary and other trust company-related activities as a national trust bank.
politicscryptoeconomy
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