Usd1

The Office of the Comptroller of the Currency has granted preliminary conditional approval for World Liberty Trust Co. to operate as a national trust bank. The decision could allow the firm to take over issuance and custody functions tied to World Liberty Financial’s USD1 stablecoin, pending further requirements.

World Liberty Financial’s USD1 stablecoin was used to pay $250,000 in fighter performance bonuses at UFC Freedom 250 on the White House lawn. The move comes as the Trump-linked issuer expands USD1 supply and pursues a federal banking license.