Trump-Linked World Liberty Gets Conditional Bank Charter for USD1 Stablecoin

A conditional charter is the more consequential detail here: it puts a stablecoin issuer inside the bank regulatory perimeter rather than alongside it, and shifting USD1 issuance from BitGo to an in-house trust concentrates control over reserves and redemption. That matters for the RWA narrative, where the credibility of tokenized assets rests on custody and oversight rather than the token itself. Whether the conditionality is cleared, and how the trust's reserve arrangements are disclosed, is the open question.