World Liberty Financial Seeks Bank Charter Amid Stablecoin Growth

[madtrader]

World Liberty Financial filed for a national trust bank charter on January 7, aiming to issue, custody, and convert its USD1 stablecoin internally rather than relying on third-party providers like BitGo. USD1 has become widely used for cross-border payments and treasury operations, currently ranking as the sixth-largest stablecoin with a market capitalization of $4.2 billion since its March 2025 launch.

The application comes as crypto firms continue to face challenges in obtaining national banking charters, though the OCC signaled openness to digital asset operations last December by granting conditional approvals to Circle, Ripple, Fidelity Digital Assets, BitGo, and Paxos.

[Revenant]

Stablecoins moving closer to real banking rails.

[The_Walking_Dead]

Custody control is the real power play.

[Capybara_Capybara]

Regulation slowly catching up to usage.