World Liberty Financial Seeks OCC Approval for USD1 Stablecoin Issuance

World Liberty Financial has applied for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC), aiming to directly issue and custody its USD1 stablecoin. If approved, this move WOULD mark a significant step toward integrating digital assets into the traditional financial system while adhering to U.S. banking standards.

The USD1 stablecoin, backed 1:1 by U.S. dollars, has already surpassed $3.3 billion in circulation within its first year, reflecting strong institutional demand. The proposed trust bank would initially focus on serving institutional clients, offering secure digital asset custody and stablecoin conversion services before expanding into broader cryptocurrency operations.

This regulatory play aligns with the GENIUS Act, enabling fee-free conversions and reinforcing USD1's position as a compliant stablecoin solution. Market observers view this as a bullish signal for institutional crypto adoption, particularly for dollar-pegged assets.