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OCC Conditionally Approves World Liberty Trust Bank Charter

8/15/2026

Summary

Story summary

OCC conditionally approved a trust bank charter for World Liberty Trust Company on August 14, 2026.
The charter requires $20 million capital, half liquid, and an audit manager, and lets World Liberty issue and redeem its USD1 stablecoin and custody Treasury-backed reserves.
Senate Democrats led by Sen. Elizabeth Warren raised conflict-of-interest concerns and asked the Treasury to examine a $500 million stake purchase linked to the United Arab Emirates’ national security adviser.

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Story summary

OCC conditionally approved a trust bank charter for World Liberty Trust Company on August 14, 2026.
The charter requires $20 million capital, half liquid, and an audit manager, and lets World Liberty issue and redeem its USD1 stablecoin and custody Treasury-backed reserves.
Senate Democrats led by Sen. Elizabeth Warren raised conflict-of-interest concerns and asked the Treasury to examine a $500 million stake purchase linked to the United Arab Emirates’ national security adviser.