🏦 Trump-Linked World Liberty Financial Applies for U.S. Trust Bank License
World Liberty Financial, a crypto venture backed by the family of former U.S. President Donald Trump, has applied for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC).
🔹 The proposed bank would focus on:
• Stablecoin issuance & redemption
• Digital asset custody
• Fee-free USD ↔ USD1 conversion at launch
🔹 Key details:
• The bank would issue and custody USD1, a dollar-backed stablecoin
• USD1 supply exceeds $3.3B within its first year
• Structured to comply with the newly passed GENIUS Act, the U.S. federal stablecoin framework
• If approved, it would join a small group of regulated crypto trust banks — Anchorage Digital is currently the only one live
📌 Why it matters:
This move signals deeper institutional and political alignment with regulated crypto infrastructure in the U.S., accelerating stablecoin integration into the traditional banking system.
🔍 Markets will be watching whether regulators fast-track approvals amid growing stablecoin adoption.
#CryptoNews #Stablecoins #USRegulation #Blockchain #BinanceNews
