World Liberty Financial (WLFI), backed by President Donald Trump and his family, has applied for a U.S. national trust bank charter to integrate its USD1 stablecoin operations under a single entity.

This story is an excerpt from the Unchained Daily newsletter.

The proposed World Liberty Trust Company National Association (WLTC) would take charge of issuance, custody, and redemption under federal oversight through the Office of the Comptroller of the Currency (OCC).

BitGo, which has custodied USD1 since its launch, will continue as a strategic partner as WLTC becomes fully operational.

Launched in March 2025, USD1 has grown to $3.3 billion in circulation, and sits among the fastest growing stablecoins in history.