World Liberty Financial is expected to receive approval from the OCC in the United States to operate

According to The Block, World Liberty Financial, a cryptocurrency project supported by President Trump's family, is expected to receive approval from the Office of the Superintendent of the Currency (OCC) to operate as a national trust bank. The project established a US trust company in January this year and submitted an application. After approval, it will be able to issue and redeem USD1 stablecoins, manage reserves, provide digital asset custody and settlement services, without relying on intermediary institution BitGo.