World Liberty Financial Seeks US National Trust Bank Charter to Issue USD1 Stablecoin
World Liberty Financial has applied for a US national trust bank charter so that World Liberty Trust can issue and custody its dollar-backed stablecoin USD1 under federal oversight. If the Office of the Comptroller of the Currency approves the de novo application, USD1, which has reached about $3.4B in market value, would be managed within a bank-style regulatory framework while targeting institutional users.