World Liberty Seeks US Banking License In Trump Crypto Push

World Liberty Financial has filed for a US nationwide banking constitution as stablecoins shift from a buying and selling instrument into fee infrastructure.

The group mentioned Wednesday that World Liberty Trust submitted a de novo application to the Office of the Comptroller of the Currency, the Treasury bureau that charters and supervises nationwide banks, in a bid to deliver its dollar-linked stablecoin deeper contained in the regulatory perimeter.

If accepted, the constitution would permit the belief to subject and safeguard USD1, the dollar-backed token World Liberty launched final 12 months.

USD1 has grown to about $3.4B in market worth, and it has already proven up in headline crypto dealmaking, after a third-party investor used USD1 tokens to buy a $2B stake in Binance.

Trust Charters Offer Middle Ground Between Crypto And Banking

World Liberty has leaned on established crypto plumbing up to now. BitGo currently provides custody for USD1 reserves, and the association has been pitched as a compliant setup that pairs stablecoin issuance with conventional reserve administration and reporting.

The submitting lands in a Washington temper that has turned materially friendlier to crypto beneath President Donald Trump, and it follows a run of constitution approvals that signalled regulators are keen to deliver extra crypto companies beneath bank-style supervision.

The OCC accepted nationwide belief financial institution charters in December for a slate of crypto and digital asset companies, together with BitGo, Fidelity Digital Assets, Circle, Ripple and Paxos, widening the on ramp for tokenized finance.

Trust banks sit in a narrower lane than full-service banks, since they typically can’t take deposits or make loans. Even so, the mannequin can nonetheless open doorways for stablecoin issuers that need to custody belongings and run conversion and settlement companies with out relying fully on third-party suppliers.

Bank Charter Bid Balances Institutional Demand And Political Risk

World Liberty has pitched the belief as an institutional enterprise, geared toward exchanges, market makers and funding companies that need custody and stablecoin conversion companies with a financial institution degree wrapper.

The firm mentioned it intends to adjust to the GENIUS Act, the stablecoin regulation Trump signed in July 2025 that set a federal framework for fee stablecoins, and it mentioned the belief will observe anti cash laundering and sanctions screening necessities.

The transfer additionally drags politics again into the plumbing. Critics have raised battle of curiosity considerations round a Trump-linked stablecoin scaling inside regulated finance, whereas World Liberty argues it structured the belief to cut back these dangers and mentioned the Trump household holds a non-voting curiosity and won’t run day after day operations.

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