World Free Finance Company announces that WLTC Holdings Limited has submitted an application for a National Trust Bank license to issue and custody the 1 USD stablecoin.

The World Free Finance Company announced that its subsidiary WLTC Holdings LLC has submitted an application to the Office of the Comptroller of the Currency (OCC) for a newly established trust bank, aiming to create the World Liberty Trust Company, National Association (WLTC), a nationwide trust bank focused on stablecoin operations. The bank will be authorized to issue USD1—a USD-backed stablecoin with a circulation exceeding $3.3 billion—and will offer full-stack services including issuance, custody, and conversion. WLTC plans to serve institutional clients such as cryptocurrency exchanges, market makers, and investment firms, providing fee-free stablecoin minting, redemption, and deposit and withdrawal services upon launch. Additionally, WLTC will support secure digital asset custody and stablecoin conversions at market rates. The bank will comply with the GENIUS Act, maintain customer asset segregation, and adhere to strict anti-money laundering, sanctions screening, and cybersecurity standards. Mack McCain will serve as Trust Officer, responsible for trust operations under OCC regulation. USD1 is backed by USD held by regulated institutions and short-term U.S. Treasury securities, and operates on ten blockchains including Ethereum, Solana, and BNB Smart Chain. As a key infrastructure partner, BitGo appreciates the growth of USD1 and reaffirms their ongoing strategic partnership.