World Liberty Financial has applied for a US national banking charter to issue and custody its USD1 stablecoin, which currently holds about $3.4 billion in market value. This move aligns with a more crypto-friendly regulatory environment under President Trump and builds on recent OCC approvals for crypto firms like BitGo and Circle. The charter would allow World Liberty to operate stablecoin services with bank-like oversight, targeting institutional investors while navigating political scrutiny over Trump family involvement.