The Office of the Comptroller of the Currency granted preliminary approval Friday for World Liberty Financial, the cryptocurrency venture co-founded by President Trump and his sons, to establish a national trust bank that would issue and manage its USD1 stablecoin. If it receives final approval, World Liberty Trust Company would be allowed to issue and redeem USD1, hold the assets backing it, and safeguard digital assets for institutional customers. It wouldn’t be permitted to accept federally insured deposits or make conventional bank loans. “The OCC hereby grants preliminary conditional approval of your charter application upon determining that your proposal meets certain regulatory and policy requirements,” the agency said. The approval isn’t final. World Liberty must meet a series of conditions before it can begin operating, including maintaining at least $20 million in capital and keeping at least half of that in liquid assets. The OCC can modify, suspend, or rescind the approval if circumstances change. World Liberty Trust would be headquartered in Bay Harbor Islands, Fla. USD1, introduced by World Liberty Financial in March 2025, has grown into the fourth-largest stablecoin, with a market value of about $4 billion. Stablecoins are digital tokens designed to hold the value of one

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