OCC Grants Aug. 14 Trust Approval to World Liberty, Clearing Stablecoin Issuance
Updated
Updated · Punchbowl News · Aug 23
OCC Grants Aug. 14 Trust Approval to World Liberty, Clearing Stablecoin Issuance
3 articles · Updated · Punchbowl News · Aug 23
Summary
Aug. 14 preliminary approval from the Office of the Comptroller of the Currency lets World Liberty Trust Company issue and redeem stablecoins in-house.
World Liberty Financial is run by President Donald Trump’s sons and Zach Witkoff, making the charter a politically charged win for a Trump-linked crypto venture.
The move adds pressure on moderate Senate Democrats pursuing a bipartisan crypto deal, raising questions about whether the Clarity Act can still advance.
With federal approval bypassing traditional banking limits, could this limited-purpose trust charter permanently disrupt the established stablecoin hierarchy?
How will a massive UAE-linked investment and direct reserve control reshape this $4.5 billion stablecoin's global market dominance?