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World Liberty Financial is seeking a US banking license
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The goal is to fully regulate its USD1 stablecoin
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The move follows new US stablecoin laws
World Liberty Financial, a DeFi project backed by Donald Trump, has applied for a U.S. bank charter to bring its USD1 stablecoin fully under federal regulation.
The company filed an application with the Office of the Comptroller of the Currency to create a national trust bank called World Liberty Trust Company. If approved, the bank would handle stablecoin issuance, custody, and conversion under one regulated entity.
USD1 is a dollar-backed stablecoin launched in March 2025. It is supported by cash and short-term U.S. Treasury assets held at regulated institutions. According to the company, USD1 surpassed $3.3 billion in circulation within its first year, making it one of the fastest-growing stablecoins to date.
World Liberty says institutional clients are already using USD1 for cross-border payments, settlements, and treasury operations. A banking license would allow the project to expand these services while meeting strict regulatory standards.
The move follows recent approvals granted to other crypto firms seeking trust bank status, including Circle, Ripple, and Paxos. It also comes after the passage of the GENIUS Act, the first major U.S. law focused on stablecoin regulation.
By applying for a charter, World Liberty signals a push to position USD1 as a fully compliant, institution-ready stablecoin in the U.S. financial system.
