Trump-Linked WLFI Seeks US Banking License for USD1 Stablecoin
World Liberty Financial, a cryptocurrency firm with ties to the Trump family, has filed for a national trust bank charter through WLTC Holdings LLC. The move aims to establish federal oversight for its USD1 stablecoin, which has surged to $3.38 billion in circulation within a year.
The proposed World Liberty Trust Company WOULD operate under OCC supervision, offering fee-free stablecoin creation/redemption and dollar conversions. General Counsel Mack McCain emphasized this as a pivotal step toward mainstream adoption: 'Regulatory compliance isn’t optional—it’s the price of admission for institutional crypto.'