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Trump Family-Linked World Liberty Financial Wins Conditional Approval for National Trust Bank Charter

Guavy AI Editorial Team
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World Liberty Financial (CRYPTO: WLFI), a cryptocurrency platform co-founded by members of President Donald Trump's family, has secured conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank charter through World Liberty Trust Co.

The approval would allow the firm to issue stablecoins directly, moving away from third-party provider BitGo (NYSE: BTGO).

Stablecoins are pegged to assets like U.S. Treasuries and redeemable one-to-one for dollars.

World Liberty Financial is 38% owned by an entity linked to President Trump and his family, according to the company.

The charter approval comes as the firm's broader expansion has hit turbulence, with a token tied to a Trump-branded Maldives resort reportedly delayed due to the Iran war disrupting travel across the region.

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