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International Business Times
International Business Times
Business

Trump Family-Linked Trust Gets Conditional Approval To Set Up a Bank. It Could Issue Its Own Stablecoins.

Donald Trump Elizabeth Warren the Treasury Department Richard Blumenthal
The Treasury Department's Office of the Comptroller of the Currency granted preliminary approval to World Liberty Trust Company to establish a bank charter. (Credit: 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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