World Liberty Financial (WLFI), linked to Donald Trump, has applied for a national banking charter to establish the “World Liberty Trust Company.” The proposed bank would focus on managing the issuance, custody, redemption, and reserve management of WLFI's USD1 stablecoin, which has over $3.3 billion in supply across 10 blockchain networks. The move signals a shift in stablecoin strategy, moving away from speculative trading and towards regulated settlement infrastructure. This application suggests WLFI anticipates stablecoins evolving into regulated instruments used by banks, payment firms, and corporations. The trust bank charter would place the issuance and custody of USD1 under federal supervision, incorporating bank-grade governance and controls.

World Liberty Financial (WLFI), linked to Donald Trump, has applied for a national banking charter to establish the “World Liberty Trust Company.” The proposed bank would focus on managing the issuance, custody, redemption, and reserve management of WLFI's USD1 stablecoin, which has over $3.3 billion in supply across 10 blockchain networks. The move signals a shift in stablecoin strategy, moving away from speculative trading and towards regulated settlement infrastructure. This application suggests WLFI anticipates stablecoins evolving into regulated instruments used by banks, payment firms, and corporations. The trust bank charter would place the issuance and custody of USD1 under federal supervision, incorporating bank-grade governance and controls.