The U.S. Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval for World Liberty Trust Co.'s application for a national trust bank charter. Final approval is still contingent on meeting pre-launch requirements. The company plans to take over as the exclusive issuer and custodian from BitGo Bank & Trust, issuing the fiat-backed USD1 stablecoin to institutional clients across the U.S. and primarily providing digital asset custody services to USD1 clients and other institutions. World Liberty Trust does not plan to become a deposit institution covered by federal deposit insurance nor seek access to a Federal Reserve master account. (CoinDesk) https://(wublock123.com)/news/news-66554