World Liberty Financial Seeks OCC Trust Charter as USD1 Stablecoin Surpasses $3.4 Billion

World Liberty Financial has filed an application with the OCC to establish World Liberty Trust Company as a nationally chartered trust bank that would directly issue its USD1 stablecoin and handle custody and conversion services. The Trump-linked firm aims to consolidate USD1's issuance, minting, and redemption under federal oversight, after reporting that the token reached a market capitalization above $3.4 billion within its first year and grew faster at launch than rivals such as USDC and PYUSD.