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Trump-Backed Crypto Project Seeks Bank Charter for Stablecoin Expansion
Crypto-Detective
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The crypto sector’s push into the regulated banking space continues as World Liberty Financial — a project backed by Donald Trump — has applied for a national trust bank charter in the United States. The company aims to expand the use of its stablecoin, USD1, by operating under a federally recognized banking framework.
The application is currently under review by the Office of the Comptroller of the Currency. If approved, the charter would allow the firm to provide regulated custody and financial services tied to its stablecoin, marking another step in the broader trend of crypto companies seeking formal roles within the US financial system.
