The World Liberty Financial, supported by Trump, is seeking to obtain a banking license in the United States to fully launch its $1 stablecoin in the U.S. domestic market.

CoinNetwork · 2026-01-07T22:38:19+00:00

World Libert Financial plans to establish World Liberty Trust Company (WLTC), focusing on stablecoin operations, with plans to issue a USD-pegged stablecoin USD1, with a circulation of $3.3 billion. The trust bank will provide full-stack services targeting institutional clients.

CoinNetwork

2026-01-07 22:38:19

Abstract generation in progress

Decentralized finance (DeFi) protocol World Libert Financial, supported by former President Donald Trump and his three sons, has submitted a new application to the Office of the Comptroller of the Currency (OCC) to establish the World Liberty Trust Company (WLTC), a nationwide trust bank focused on stablecoin operations. The establishment of this institution will enable it to issue the USD1 stablecoin backed by the US dollar, which had a circulation of over $3.3 billion in its first year. Co-founder Zach Witkoff stated that this move allows for full-stack services under a regulated entity, including issuance, custody, and conversion. WLTC plans to serve institutional clients such as exchanges and investment firms, offering stablecoin redemption, deposit and withdrawal services, and custody services. Previously, the OCC granted conditional approval to Circle, Ripple, BitGo, Fidelity Digital Assets, and Paxos.

TRUMP1,55%

WLFI1,38%

USD10,02%

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