Trump-backed World Liberty Financial seeks US bank charter to bring USD1 stablecoin fully onshore
World Liberty Financial is seeking a U.S. banking license via its new trust company, WLTC Holdings LLC, to fully manage USD1 stablecoin operations.Summary
World Liberty Financial, a DeFi protocol supported by President Donald Trump, has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter through its new entity, WLTC Holdings LLC, which will operate as World Liberty Trust Company, National Association (WLTC).
The goal is to bring the issuance, custody, and conversion of its USD1 stablecoin fully onshore under a highly regulated entity. WLTC plans to offer three core services: stablecoin issuance and redemption, on-ramp/off-ramp services, and custody/conversion, primarily targeting institutional customers like exchanges and investment firms.
World Liberty launched in October 2024, listing Trump and his sons as co-founders, and its USD1 stablecoin launched in March 2025, reaching over $3.3 billion in circulation in its first year. This move follows recent conditional approvals granted by the OCC to other crypto firms seeking federal trust bank charters.
(Source：The Block)