Trump-tied World Liberty Trust Company just got conditional approval for a national trust bank charter to issue its USD1 stablecoin.
World Liberty will take over issuance from BitGo and offer digital asset custody. No FDIC insurance or Fed master account for now. The approval requires $20 million in capital and GENIUS Act compliance.
Our read: The OCC is normalizing trust charters for stablecoin issuers, even those with political connections that drew public objections. This formalizes the stablecoin space, it doesn't create a new entity type.
Would you custody assets with an uninsured trust company?
$BTC #Stablecoins
World Liberty will take over issuance from BitGo and offer digital asset custody. No FDIC insurance or Fed master account for now. The approval requires $20 million in capital and GENIUS Act compliance.
Our read: The OCC is normalizing trust charters for stablecoin issuers, even those with political connections that drew public objections. This formalizes the stablecoin space, it doesn't create a new entity type.
Would you custody assets with an uninsured trust company?
$BTC #Stablecoins