On Friday, World Liberty Financial (CRYPTO: WLFI), a cryptocurrency platform co-founded by members of the Trump family, secured conditional approval from a federal regulator for a national trust bank charter through World Liberty Trust Co.
Stablecoin Ambitions Take Shape The Office of the Comptroller of the Currency, or OCC, posted the approval letter on its website.
According to World Liberty Financial, it is 38% owned by an entity linked to President Donald Trump and his family.
The charter would let the firm issue stablecoins directly, moving away from third-party provider BitGo (NYSE:BTGO).
Stablecoins are pegged to assets like U.S.
