World Liberty Financial Expected to Receive U.S. OCC Approval as National Trust Bank

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According to ChainCatcher, World Liberty Financial, backed by the Trump family, is expected to receive approval from the U.S. Office of the Comptroller of the Currency (OCC) in the coming weeks to operate as a national trust bank. Two former OCC employees indicated the application is almost certain to be approved. Once granted a federal trust bank charter, the project will be authorized to issue and redeem its USD 1 stablecoin, manage reserves, provide digital asset custody, and offer conversion and settlement services without relying on third-party intermediaries.
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