Overview
- WLTC Holdings filed a de novo application with the Office of the Comptroller of the Currency to establish World Liberty Trust Company for USD1 operations.
- If approved, the trust would issue and redeem USD1, custody fiat and major stablecoins, manage reserves, and offer fee-free dollar conversions at launch.
- World Liberty says USD1’s circulating supply has reached roughly $3.3–$3.4 billion in its first year.
- The application follows recent OCC approvals or conditional approvals for Circle, Ripple, Paxos, BitGo, and Fidelity, which have prompted pushback from major banking trade groups.
- Ties to President Trump’s family have drawn conflict-of-interest scrutiny, and the company says the trust is structured to limit family operational control.