World Liberty Financial, the Trump family-linked crypto venture behind the USD1 stablecoin, has applied for a U.S. national trust bank charter. If approved, a move would bring a fast-growing token operation closer to bank-style supervision as stablecoins push deeper into payments and settlement.
According to the company, WLTC Holdings LLC has applied with the Office of the Comptroller of the Currency (OCC) to establish “World Liberty Trust,” which would issue and custody the USD1 stablecoin.
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World Liberty values USD1 at roughly $3.4 billion. The company also highlighted a recent transaction in which a third-party investor used USD1 to acquire a $2 billion stake in Binance.
Bringing Stablecoins Under Federal Oversight
A national trust bank charter is a specific type of banking license in the United States that allows a financial institution to operate under federal supervision, but with a narrower scope than a full-service commercial bank.
A national trust bank doesn’t take deposits or make loans but focuses on asset custody, trust services, and settlements, offering federally supervised security and credibility that most crypto firms, relying on third-party custodians, lack.
National trust bank charters are extremely rare for crypto firms. Anchorage Digital is the only crypto-native company to have received a national trust bank charter from the Office of the Comptroller of the Currency (OCC).
The OCC recently gave conditional approvals for several digital-asset firms, including BitGo, Fidelity Digital Assets, Circle, Ripple, and Paxos, signaling a move to bring more crypto activity under federal oversight.
World Liberty currently relies on BitGo for reserve custody and has described the arrangement as compliant.
The company stated that it intends to operate in accordance with the GENIUS Act, the stablecoin legislation signed into law in July 2025, and to comply with anti-money laundering and sanctions screening requirements.
On the Flipside
- World Liberty’s move adds a political angle, with critics citing potential conflicts of interest for a Trump-linked stablecoin in regulated finance.
Why This Matters
If approved, the charter could lower counterparty risk for USD1 holders and boost its appeal to institutions, but it would also concentrate regulatory and reputational risk in a single, politically exposed issuer.
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People Also Ask:
World Liberty Financial is a crypto venture linked to the Trump family that operates the USD1 stablecoin and is seeking a U.S. national trust bank charter.
USD1 is a stablecoin pegged to the U.S. dollar. Its market value is reported at around $3.4 billion, and it is designed for payments, settlements, and institutional use.
They provide federal oversight, increase credibility, reduce counterparty risk, and allow digital-asset companies to handle custody and settlement services without relying entirely on third-party custodians.
National trust banks are regulated by the Office of the Comptroller of the Currency (OCC), a federal agency that sets compliance, reporting, and risk standards.
World Liberty relies on BitGo for reserve custody and says it intends to follow the GENIUS Act, as well as anti-money-laundering and sanctions-screening requirements.
