Catenaa, Thursday, January 15, 2026- World Liberty Financial, the DeFi protocol backed by former President Donald Trump, has filed with the Office of the Comptroller of the Currency (OCC) to create a national trust bank aimed at bringing its USD1 stablecoin fully onshore.
WLTC Holdings LLC submitted a de novo application to establish World Liberty Trust Company, National Association, a proposed federally regulated trust bank designed for stablecoin issuance, custody, and conversion.
The charter would allow the company to consolidate issuance, redemption, and transactional services under one regulated entity.
The move follows conditional approvals granted in December by the OCC to Circle, Ripple, BitGo, Fidelity Digital Assets, and Paxos for similar federal trust charters.
Coinbase and Crypto.com have also applied for federal oversight.
USD1, launched by World Liberty in March 2025, is backed by U.S. dollars held at regulated institutions and short-duration US Treasurys.
The stablecoin reached more than $3.3 billion in circulation within its first year and is used for cross-border payments, settlement, and treasury operations.
World Liberty’s filing outlines three core services under federal supervision: stablecoin issuance and redemption, on- and off-ramp services, and custody and conversion.
The bank intends to serve institutional clients, including exchanges, market makers, and investment firms.
The application aligns with the GENIUS Act, signed into law by Trump last July, which establishes a regulatory framework for US stablecoins. World Liberty, launched in October 2024, lists Trump and his three sons as co-founders.
The charter aims to strengthen compliance, bring operations fully onshore, and expand institutional adoption of the USD1 stablecoin.
