1 of 1
Story summary
- World Liberty Financial (WLF) has applied for a national trust banking charter with the OCC.
- The charter would let WLF manage its dollar-backed stablecoin USD1 under federal regulation.
- It would also allow access to national payment networks.
- Zach Witkoff, WLF co-founder, says USD1 has grown rapidly for cross-border payments and treasury operations.
- The move follows concerns about conflicts of interest tied to U.S. President Donald Trump’s family involvement in crypto.
