Source: International Business Times
The Treasury Department's Office of the Comptroller of the Currency granted preliminary approval to World Liberty Trust Company to establish a bank charter. Kanchanara/Unsplash The Treasury Department's Office of the Comptroller of the Currency granted preliminary approval to World Liberty Trust Company, which is affiliated with the Trump family, to establish a bank charter. The move could allow the entity to issue and manage stablecoins without relying on an intermediary.
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