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Crypto

Abu Dhabi Sheikh Invests in Trump-Linked Crypto Bank Plans

Guavy AI Editorial Team
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LTC
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Abu Dhabi's Sheikh Tahnoon bin Zayed Al Nahyan is linked to StringZ Holding RSC, which owns 49% of WLTC Holdings, the holding company behind World Liberty Financial's plans for a U.S. trust bank.

This bank will handle the issuance, redemption, and custody of World Liberty Financial's USD1 stablecoin under federal supervision.

The U.S. Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval for World Liberty Trust Company on August 14, but it has yet to receive final approval.

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