The Office of the Comptroller of the Currency said it granted "preliminary conditional approval" to World Liberty Trust Co. on Friday. The U.S. Office of the Comptroller of the Currency has granted World Liberty Trust Company a federal charter, clearing the way for it to take over issuance of World Liberty Financial’s USD1 stablecoin. Lawmakers had expressed concerns with World Liberty’s application due to its ties to President Donald Trump. A federal bank regulator has granted World Liberty Tr…
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