Official Name: BitGo Bank & Trust, National Association
Country: United States of America (the)
BitGo received approval from the Office of the Comptroller of the Currency (OCC) to convert its state-chartered "BitGo Trust Company, Inc." into a federally chartered national bank, "BitGo Bank & Trust, National Association." While USD1 is a U.S. dollar-pegged stablecoin branded by World Liberty Financial (a DeFi project associated with the Trump family) but operationally "powered by BitGo." Under this "Stablecoin-as-a-Service" model, BitGo Technologies, LLC acts as the technical issuer responsible for minting, burning, and reserve management, while BitGo Bank & Trust, N.A. serves as the qualified custodian for the underlying assets.
Verified