By Isaac • August 16, 2026 7:07 am •
A company linked to President Trump just moved one step closer to putting a major stablecoin business under federal banking supervision.
But the same company still has a separate on-chain risk hanging over it — and that tension may matter more than the celebratory headline.
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The Office of the Comptroller of the Currency granted preliminary conditional approval for World Liberty Trust Company, N.A., a proposed national trust bank built around World Liberty Financial’s USD1 stablecoin.
World Liberty still must satisfy the OCC’s preopening conditions before the bank can begin business. Even so, the decision moves USD1 closer to a federally supervised issuance and reserve structure.
The Office of the Comptroller of the Currency lists World Liberty’s
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