Trump family’s crypto firm seeks bank charter
World Liberty Financial, the Trump family’s cryptocurrency firm, has applied for a federal bank charter with the Office of the Comptroller of the Currency, it announced in a press release Wednesday.
A national trust bank charter – the same license five crypto firms were conditionally approved for last month – would allow World Liberty to offer digital asset custody and stablecoin conversion services, which it plans to offer to enable holders of other stablecoins to convert them to USD1.
USD1’s circulation has reached $3.3 billion since launching in March 2025.
“This application marks a further evolution of the World Liberty Financial ecosystem. USD1 grew faster in its…
