Overview
- WLTC Holdings filed a de novo application with the Office of the Comptroller of the Currency to establish World Liberty Trust Company that, if approved, would manage USD1 issuance, custody, redemption and conversions, including from other stablecoins.
- World Liberty reports USD1 circulation at roughly $3.3–$3.4 billion in its first year and says minting and redemption would launch with no fees, with conversions offered at prevailing market rates.
- The planned trust targets exchanges, market makers and investment firms, and it pledges segregated reserves, anti–money laundering and sanctions screening, cybersecurity controls and independent reserve oversight.
- The application is under OCC review, positioning USD1 for potential federal supervision in a charter category that remains rare for crypto firms, with Anchorage Digital cited as the only approved national trust bank to date.
- Trump family ties to World Liberty—including Donald Trump listed as co‑founder emeritus and his sons as co‑founders—have drawn criticism and questions over conflicts of interest and reserve transparency.