Trump Family WLFI applies for a license from the U.S. National Trust Bank to independently issue the stablecoin USD1 (annual market cap surpassing 3.3 billion dollars)

2026-01-08 02:30:32

Trump Family’s WLFI Applies to OCC for National Trust Bank to Establish Autonomous Issuance Custody Mechanism for Stablecoin USD1.
(Background: Trump Crypto Project WLFI Buys Meme Coin $1 as Strategic Reserve! Claims to Make USD1 Dominant on Solana)
(Additional Background: Trump Bets $120 Million: WLFI Allocates 5% of Treasury Tokens to Expand USD1 Stablecoin Market Share)

As Trump approaches the one-year mark in office, his family-managed World Liberty Financial (WLFI) announced on the 7th that its wholly-owned subsidiary WLTC Holdings has submitted an application to the Office of the Comptroller of the Currency (OCC), seeking to obtain a U.S. national bank charter.

The application seeks approval to establish the World Liberty Trust Company, National Association (WLTC). Once approved, WLFI can issue and custody the USD1 stablecoin independently as a federal trust bank.

Currently, USD1 assets are held by BitGo, collateralized 100% with cash and short-term U.S. Treasuries. WLFI states that once WLTC is established, assets will be transferred into its regulated account, with BitGo becoming a strategic partner rather than the trust entity.

Application for Trust Bank Aims for Full-Stack Services

According to the official press release, WLTC plans to provide three core services under federal regulation:

Stablecoin Issuance and Redemption: During the initial phase, it will offer minting and redemption of USD1 without any fees.
Deposit and Withdrawal Services: Provide two-way exchange between USD and USD1, with no transaction fees during the initial launch.
Custody and Conversion: Offer secure custody for USD1 and other approved stablecoins, and provide conversion services at current market rates.

USD1 Surpasses $3.3 Billion in One Year, Accelerating Regulatory Adoption

The stablecoin USD1 was launched in early 2025, and within a year under Trump’s spotlight, its circulation exceeded $3.3 billion, already circulating on 10 public blockchains including Ethereum and Solana. In the future, WLFI plans to view the license as a catalyst for expansion, aiming to develop USD1 into a global settlement layer under federal regulation.

WLFI’s actions indicate the industry is rapidly approaching traditional financial infrastructure, with federal licenses becoming the next threshold in stablecoin competition.

WLFI0.05%

SOL1.55%

ETH-1.2%

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