Trump’s USD1 Gets Banking Upgrade as World Liberty Files For National Trust Charter
The post Trump’s USD1 Gets Banking Upgrade as World Liberty Files For National Trust Charter appeared on BitcoinEthereumNews.com.
Trump’s World Liberty Financial is taking the first step in acquiring a national bank trust charter. This is happening at a time when the company is trying to encourage the use of its USD1 stablecoin. USD1 Moves Closer to Broad Adoption After Banking Charter Bid The Company confirmed it has established a new entity called WLTC Holdings LLC and filed a de novo application with the Office of the Comptroller of the Currency (OCC) to become a federally chartered national trust bank. The proposed charter would enable the trust to regulate issuance, custody, and conversion in one regime. In the middle of it all is the USD1, a stablecoin pegged to the US dollar and launched by the project. Zach Witkoff, who will be the president and chairman of the trust entity, noted that institutional adoption of the stablecoin has picked up for payments and treasuries. “Institutions are already using USD1 for cross-border payments, settlement, and treasury operations. A national trust charter will allow us to bring issuance, custody, and conversion together as a full-stack offering under one highly regulated entity,” he shared. The filing puts World Liberty Financial in a growing list of crypto companies in pursuit of federal trust charters. In December, the OCC gave conditional approvals to major digital asset companies including Circle and Ripple. Regarding the organizational form, the trust bank would operate under the GENIUS Act and function with an advanced anti-money laundering and sanctions screening. The filing said it would focus on core services, which include the issuance and redemption of stablecoins and the custody of USD1 and other stablecoins. World Liberty Financial’s Ecosystem Set to Expand Beyond Payments The stablecoin has continued to gather momentum over the past few months. This has especially been the case with USD1 reaching a new milestone in…
Filed under: News - @ January 8, 2026 4:27 am