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Donald Trump-backed World Liberty Trust Co. Granted Conditional Bank Charter by US Federal Regulators
The Office of the Comptroller of the Currency (OCC) announced on Friday that it has granted "preliminary conditional approval" to World Liberty Trust Co. to operate as a national trust bank, conducting trust and other trust company-related activities. The company plans to issue the USD1 stablecoin pegged to the U.S. dollar and provide digital assets custody services to institutional clients. Final approval is contingent upon satisfying additional "pre-opening requirements."
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