U.S. Banking License Aims to Bring USD1 Stablecoin Fully Onshore
World Liberty Financial, a decentralized finance protocol backed by U.S. President Donald Trump, is taking a major regulatory step by seeking a U.S. national trust bank charter. The move is designed to bring its USD1 stablecoin fully onshore, aligning issuance, custody, and conversion under federal supervision.
World Liberty Financial Files OCC Application
A newly formed entity, WLTC Holdings LLC, has filed an application with the Office of the Comptroller of the Currency (OCC) to establish World Liberty Trust Company, a national trust bank purpose-built for stablecoin operations. If approved, the charter would allow USD1 to be issued and managed within a highly regulated U.S. banking framework.
This follows a wave of similar applications, as multiple digital asset firms pursue trust bank status to comply with evolving U.S. stablecoin regulation.
Launched in March 2025, USD1 is backed by U.S. dollar deposits and short-term U.S. Treasury assets held at regulated institutions. The stablecoin has surpassed $3.3 billion in circulation within its first year, making it one of the fastest-growing dollar-backed tokens to date.
Institutions are already using USD1 for cross-border payments, settlement, and treasury operations, highlighting demand for compliant digital dollars.
The application follows the passage of the GENIUS Act, which established federal standards for payment stablecoins. Under the proposed structure, the trust bank would offer stablecoin issuance and redemption, fiat on-ramps and off-ramps, and digital asset custody, serving exchanges, market makers, and investment firms.
The move underscores how regulatory clarity is reshaping stablecoin infrastructure in the United States.
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