World Liberty Financial Aims for Charter to Power USD1 Stablecoin

Reading Time: < 1 minute

An application for a national trust bank charter has been filed by World Liberty Financial, a cryptocurrency initiative of the Trump family. The goal is to expand the institutional reach of its USD1 stablecoin.

The filing was made with the Office of the Comptroller of the Currency by subsidiary WLTC Holdings. Approval would allow the platform to directly handle stablecoin issuance and custody, moving away from third-party reliance.

“Institutions are already using USD1 for settlement and cross-border payments,” noted CEO Zach Witkoff. “A charter lets us combine all key functions under one regulated roof as a full-stack service.”

Operations under the charter would include free minting and redemption for USD1, alongside conversion between US dollars and the stablecoin. Custody for USD1 and other similar assets would also be part of its services.

This follows the OCC’s decision in December to issue conditional approvals to several crypto entities, including Paxos and Ripple. The actions signal a growing regulatory openness to bridge crypto with traditional finance.