Group 1 - World Liberty Financial, backed by the Trump family, is seeking to establish a national trust bank focused on stablecoin operations [1] - The subsidiary WLTC Holdings has filed a "de novo" application for a bank charter to issue and custody USD1, a dollar-backed stablecoin that has over $3.3 billion in circulation [2][3] - The proposed trust bank will offer stablecoin issuance, redemption, and custody services, and plans to allow fee-free conversion between U.S. dollars and USD1 at launch [3] Group 2 - The establishment of national trust banks by cryptocurrency firms marks a significant step in integrating digital assets into the regulated banking system [1] - The OCC currently supervises about 60 national trust banks, with Anchorage Digital being the only digital asset company that holds a national trust bank charter [2] - The trust bank will comply with the recently passed GENIUS Act, which provides a federal regulatory framework for stablecoins [3]