Trump's World Liberty Financial Seeks Federal Charter to Expand USD1 Stablecoin

World Liberty Financial has taken a major step toward deeper integration with traditional finance by filing an application with the Office of the Comptroller of the Currency. The company, through its subsidiary WLTC Holdings LLC, submitted a de novo application to establish World Liberty Trust Company National Association as a national trust bank dedicated to stablecoin activities. Approval would consolidate issuance, custody, and conversion of the firm’s USD1 stablecoin under one federally supervised entity.

The move comes as USD1 has grown rapidly since its launch, surpassing $3.3 billion in circulation within its first year. Institutional adoption has driven much of this expansion, with users relying on the dollar-pegged token for cross-border payments, settlement, and treasury management. The proposed trust bank would serve crypto exchanges, market makers, investment firms, and holders of competing stablecoins who wish to convert into USD1.

Proposed Bank Structure and Services

If granted, the national trust charter would enable World Liberty Trust Company to issue USD1 directly while providing custody and fiat on- and off-ramps under strict federal oversight. The company has stated that these services would launch with no fees and conversions executed at prevailing market rates. Full compliance measures, including anti-money laundering screening, sanctions checks, and robust cybersecurity protocols, would be implemented from the start.

USD1 remains fully backed by U.S. dollars held at regulated depository institutions and short-duration U.S. Treasury obligations. The stablecoin currently operates across ten blockchain networks, including Ethereum, Solana, BNB Smart Chain, TRON, Aptos, and AB Core, giving users broad accessibility. Mack McCain, general counsel at World Liberty Financial, is slated to serve as trust officer and oversee fiduciary duties for the new entity.

The application aligns with the recently passed GENIUS Act, which provides a clearer regulatory pathway for stablecoin issuers seeking federal supervision. World Liberty Financial believes the OCC framework will offer banks, asset managers, and corporations greater confidence when engaging with USD1. By placing all core functions under a single nationally chartered institution, the company aims to streamline operations while meeting the highest regulatory standards.

This development reflects growing institutional interest in regulated stablecoins. As circulation continues to climb and adoption spreads across traditional and digital finance, a federal charter could position USD1 as a preferred option for institutions seeking compliant dollar exposure on public blockchains. The OCC review process will determine whether World Liberty Trust Company becomes the latest bridge between cryptocurrency and the regulated U.S. banking system.