According to Bloomberg, the Trump family’s World Liberty Financial has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank. One of its main goals is to expand the use of USD1 and store the reserve assets backing this stablecoin within its own banking system to reduce costs and enhance compliance and market credibility. Data shows that within the first 19 months of Trump’s second term, the OCC approved 22 bank charter applications—more than the total from the previous five years—with many applications coming from fintech and digital asset companies. The approval process for World Liberty took about 220 days, higher than the median of approximately 126 days during the current administration. Before final approval, the company still needs to meet conditions such as external audits and capital adequacy. https://(wublock123.com)/news/bloomberg-world-liberty-occ-conditional-charter-expand-usd1-use-67091