Zach Witkoff defends USD1 stablecoin's $4-5B market cap and pending bank charter against Trump cronyism accusations in CNBC appearance.

The OCC granted World Liberty Trust Co. a limited-purpose national trust bank charter, letting the Trump-linked entity manage USD1 stablecoin

Zach Witkoff, CEO of Trump-linked World Liberty Financial, said conflict-of-interest concerns related to the Trump family are misplaced.