According to Bloomberg, World Liberty Financial has received conditional approval from the U.S. OCC to establish a national trust bank that could hold assets backing its USD1 stablecoin. The approval comes amid a surge in new U.S. bank charters, with the OCC approving 22 applications in the first 19 months of Trump’s second term, more than in the previous five years combined. World Liberty must still meet capital, governance and audit requirements before receiving final authorization.