On August 20, 2025, World Liberty Financial (WLFI) announced that its subsidiary, World Liberty Trust, had applied for a national trust bank charter with the Office of the Comptroller of the Currency (OCC), per Cryptopolitan_News. If approved, the charter would enable World Liberty Trust to directly issue, custody, and redeem the USD1 stablecoin, currently backed by U.S. dollar deposits and short-term Treasury bonds, and custodied by BitGo. USD1 has reached a $3.4B market cap, fueled by a $2B Binance deal.
Zach Witkoff, proposed President and Chairman of World Liberty Trust, emphasized that the structure avoids conflicts of interest, with President Trump and his family as non-voting shareholders only. Co-founded with Eric Trump, Donald Trump Jr., and Barron Trump in 2024, WLFI positions USD1 as a retail-focused stablecoin. Mack McCain, General Counsel and future Chief Trust Officer, noted the charter would streamline product launches without third-party reliance.
The trust would operate under the GENIUS Act, signed by President Trump in July 2025, ensuring anti-money laundering and sanctions compliance. Witkoff highlighted USD1’s use in international transfers, settlement, and treasury functions, calling it the fastest-growing stablecoin in history. USD1’s $3B+ milestone was celebrated on X, with WLFI stating, “Milestones aren’t the goal, building the future of financial rails is.”
Coinbase and Crypto.com also seek charters, following BitGo, Fidelity Digital Assets, Circle, Ripple, and Paxos approvals last month. Banking lobbyists warn of systemic risks, but the Trump administration’s support signals a pro-crypto shift, per. Bitcoin (BTC) ($113,234) and Ethereum (ETH) ($4,070) remain stable, per CoinMarketCap. WLFI’s DeFi platform, promising lending and borrowing, has yet to launch these features.
USD1 could reach $10B by 2026 if approved, rivaling USDC ($40B), per. Investors should track OCC decisions on occ.gov and USD1 flows on CryptoQuant. Diversify into USDC or ETH with stop-losses below BTC’s $112,000, per TradingView. Follow @TheBlock__ on X for updates. World Liberty Trust’s charter could accelerate stablecoin adoption, but conflict concerns persist.
