POPA ReconWorld Liberty wins conditional OCC nod for a national trust bank
World Liberty wins conditional OCC nod for a national trust bank The Office of the Comptroller of the Currency has granted World Liberty Financial preliminary conditional approval to charter a national trust bank that would issue and redeem its USD1 stablecoin and hold the reserves backing it. Once open, World Liberty Trust Company would run under federal supervision, custody digital assets for institutional clients, and manage the reserve behind USD1, a dollar-backed stablecoin that now has more than $4B in circulation. The firm is closely tied to the Trump family: an affiliate of the presi…
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