Trump’s World Liberty Financial Applies for National Banking Charter in Push for USD1 Stablecoin

Crypto firm World Liberty Financial, a Trump-family venture and closely linked to US President Donald Trump, applied for a national banking charter on Wednesday, Jan. 7. The latest report shows that they have submitted the national charter application to the US Office of the Comptroller (OCC) to establish the World Liberty Trust Company (WLTC). If the OCC approves the Trust company, it would directly issue the USD1 stablecoin, a USD-pegged stablecoin linked to World Liberty Financial. The firm stated tha ...