World Liberty Financial Joins Custodia, Ripple, Circle in Push for U.S. Trust Bank Status

• World Liberty Financial filed an application with the OCC to form a national trust bank for stablecoin operations.
• The proposed trust bank would issue and custody USD1, which has grown to over $3.3 billion in circulation.
• The bank plans to offer stablecoin issuance, dollar conversion, and digital asset custody under federal supervision.

World Liberty Financial said its subsidiary, WLTC Holdings LLC, has applied for a national trust bank charter in the United States. The application was filed with the Office of the Comptroller of the Currency, which oversees national banks and trust companies. If approved, the new entity would operate as World Liberty Trust Company, a trust bank designed specifically for issuing and managing stablecoins.

Focus on USD1 Stablecoin

The proposed trust bank would issue and custody USD1, a U.S. dollar–backed stablecoin that World Lib…

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