Coinspeaker
Jan 8, 2026
3 0

World Liberty Financial Seeks National Charter to Boost USD1 Stablecoin

World Liberty Financial, associated with the Trump family, has applied for a national banking charter to establish the World Liberty Trust Company (WLTC). This application was submitted to the US Office of the Comptroller (OCC).

  • If approved, WLTC will issue the USD1 stablecoin, which is pegged to the US dollar.
  • The firm plans to offer custody solutions and stablecoin conversion services, facilitating transitions to USD1 for other stablecoin holders.
  • Institutional customers such as cryptocurrency exchanges, market makers, and investment firms can mint and redeem USD1 stablecoins.

Growth and Adoption

  • Zach Witkoff, co-founder, reported a significant increase in USD1 adoption. Its market cap surged from $128 million to $3.37 billion in 6-8 months.
  • USD1 is being used by institutions for cross-border payments and treasury operations.
  • A national trust charter would consolidate issuance, custody, and conversion into one regulated entity.
  • The trust bank would operate under the GENIUS Act framework, emphasizing anti-money laundering controls and sanctions screening.
  • World Liberty Financial joins other crypto firms seeking federal trust bank charters, following recent OCC conditional approvals to companies like [https://holder.io/coins//] and [https://holder.io/coins//].
  • Plans are underway to launch RWA products, expanding into tokenization.