The post World Liberty Financial Joins Custodia, Ripple, Circle in Push for U.S. Trust Bank Status appeared on BitcoinEthereumNews.com.

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 Liberty Financial says has grown to more than $3.3 billion in circulation within its first year. Company executives said institutional clients are already using USD1 for cross-border payments, settlement, and treasury operations. A national trust charter would allow issuance, custody, and conversion services to be offered under one regulated structure, rather than across multiple entities. What the Trust Bank Plans to Offer World Liberty Financial said the trust company would focus on three main services under federal oversight: issuing and redeeming USD1, converting between U.S. dollars and stablecoins, and providing secure custody for USD1 and other approved stablecoins. At launch, the company plans to offer issuance and dollar conversion with no fees, while conversion between stablecoins would be done at market rates. The trust bank would target institutional users such as crypto exchanges, market makers, and investment firms. The company said the new trust bank would comply with the GENIUS Act, follow strict anti-money-laundering rules, and operate with strong cybersecurity standards.  “WLTC will operate under that…

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Filed under: News - @ January 8, 2026 8:26 pm