The company announced that WLTC Holdings LLC has filed a de novo application with the Office of the Comptroller of the Currency to create the World Liberty Trust Company, National Association.
The proposed trust bank, designed specifically for stablecoin operations, aims to issue 1 USD, the dollar-backed stablecoin that surpassed $3.3 billion in circulation in its first year. The charter will allow WLTC to serve institutional clients, including cryptocurrency exchanges, market makers and investment firms, while offering custody and stablecoin conversion services for other digital dollars.
Bringing stability and services under one roof
USD1 has grown faster than any other stablecoin in history, according to Zach Witkoff, the proposed chairman and president of the World Liberty Trust Company. “Institutions already use USD 1 for cross-border payments, settlements and treasury operations,” he said. “A national trust charter will allow us to bring together issuance, custody and conversion into a comprehensive offering under a single, highly regulated entity.”
Under the supervision of the federal government, the WLTC plans to provide three core services. First, the issuance and redemption of stablecoins, allowing users to mint and trade 1 USD with no fees at launch. Second, entry and exit services to convert between US dollars and 1 USD without fees. Third, the secure custody of 1 USD and other approved stablecoins, as well as conversion at prevailing market rates. All operations will comply with the GENIUS Act, including strict anti-money laundering, sanctions monitoring and advanced cybersecurity protocols.
World Liberty Financial announces that WLTC Holdings LLC has submitted an application for a National Trust bank charter to issue and maintain $1 Stablecoins 🦅☝️
– WLFI (@worldlibertyfi) January 7, 2026
Mack McCain, general counsel of World Liberty Financial and proposed head of the WLTC trust, highlighted regulatory safeguards. “The OCC has overseen trust activities for more than a century,” he said. “WLTC will operate under the same framework, with segregated client assets, independent reserve management and regular reviews. This gives banks, asset managers and businesses the regulatory clarity they need to expand their use of USD1.”
Multi-chain reach and real-world impact
USD1 is entirely backed by US dollars held with regulated institutions and short-term Treasury bonds. The stablecoin operates on ten blockchain networks, including Ethereum, Solana, BNB Smart Chain, TRON, Aptos and AB Core. This multi-chain approach enables near-instant cross-border payments, tokenized settlement and programmable payments for corporate customers. For example, a multinational company can pay suppliers in multiple countries with $1 while avoiding traditional bank delays and fees.
The support since announcing our request for an OCC charter for $1 has been incredible.
We appreciate everyone who reached out, engaged and supported the vision.
This is just the beginning of what we are building 🦅 ☝️– WLFI (@worldlibertyfi) January 8, 2026
BitGo CEO Mike Belshe highlighted the ecosystem’s early successes. “BitGo is proud to have supported the rapid growth of USD1, which reached over $3.3 billion in its first year, and looks forward to continuing to be a key strategic partner as WLTC becomes fully operational.”
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