IMPORTANT] World Liberty Financial Applies for OCC National Trust Bank Charter to Advance USD1 S...

World Liberty Financial has applied for a national trust bank charter through its subsidiary WLTC Holdings LLC to launch the World Liberty Trust Company for stablecoin operations. The proposed trust bank aims to provide fee-free issuance and redemption of the USD1 stablecoin, plus fiat on-ramps and off-ramps and custody services under federal supervision. While this move aligns with a growing trend of crypto firms seeking federal charters, traditional banking groups voice concerns over regulatory disparities and consumer confusion.