Trump-Linked World Liberty Gets Conditional Bank Charter for USD1 Stablecoin

60-second summary

The proposed World Liberty Trust Company, linked to former US President Donald Trump, receives a conditional bank charter for issuing the USD1 stablecoin, a move that could potentially replace BitGo as the issuer. The charter is conditional on meeting regulatory requirements, a process expected to take several months. This development may increase competition in the stablecoin market.