Overview
- WLTC Holdings filed a de novo application with the Office of the Comptroller of the Currency to form a national trust bank dedicated to USD1 operations.
- The proposed bank would handle issuance and redemption, provide digital-asset custody, and offer fee‑free conversion between U.S. dollars and USD1 at launch.
- World Liberty reports USD1 circulation at more than $3.3 billion after its first year.
- The company says the structure aligns with the newly enacted GENIUS Act, and the OCC has not responded publicly to the filing.
- The bid has prompted conflict-of-interest scrutiny over the Trump family’s stakes, which the company says are nonvoting with no operational control.