World Liberty Financial, the agency co-funded by Donald Trump, has utilized for a US bank charter for one in every of its entities, permitting it to increase its USD1 stablecoin operations.
The corporate filed a de novo utility with the OCC to ascertain the proposed nationwide belief bank World Liberty Belief, created for stablecoin companies. World Liberty is likely one of the newest crypto companies to use for a bank charter, inflicting a commotion for conventional lenders who see this as an try to achieve federal legitimacy with out assuming the complete regulatory accountability of nationwide banks.
Crypto companies trying to purchase bank charters
In 2025, Coinbase utilized for a bank charter, with the OCC asserting that its conditional approval of charter purposes from companies like Ripple, Paxos and BitGo. By in search of narrowly scoped belief charters, digital-asset companies are testing the bounds of economic supervision.
World Liberty raised cash via the sale of its WLFI token, which was initially presupposed to be a non-transferable governance token, however later turned tradeable. In accordance with tracker CoinGecko, its USD1 stablecoin, utilized by a fund to spend money on crypto change Binance, has a market capitalisation of USD 3.4 billion.
The charter, if granted, would enable the corporate to supply options to institutional clients like crypto exchanges, delivering digital asset custody and stablecoin conversion companies, enabling holders of a number of stablecoins to maneuver into USD1. The crypto agency believes that a nationwide belief charter affords a clear federal framework for custody, reserve administration, and fiduciary oversight.
Sooner or later, this will enable for direct institutional participation, improved buyer safety, and wider use in regulated cost and settlement processes, topic to supervisory approval.
The transfer occurs as President Donald Trump is slowly pushing a crypto-friendly technique. He just lately signed a invoice into legislation that regulated USD-backed stablecoins. Moreover, OCC confirmed that banks can act as intermediaries on crypto transactions, connecting TradFi with DeFi.
