World Liberty Wins Bank Charter From Trump-Appointed Regulator for $4 Billion Stablecoin

President Donald Trump’s family is set to own a federally chartered bank. A regulator he appointed conditionally cleared World Liberty Trust Company, issuer of the $4 billion USD1 stablecoin.

The Office of the Comptroller of the Currency (OCC) published its national trust charter decision Friday. Final approval would let the firm issue USD1 itself and hold the dollar assets backing it.

Trump’s Own Appointee Cleared the World Liberty Bank Charter Trump appointed Comptroller Jonathan Gould to run the OCC last year.

World Liberty Trust filed its application in early January, and congressional Democrats spent the months since warning that approval would create a conflict of interest. The agency answered that criticism inside the letter itself.