{"id":141784,"date":"2026-09-10T18:48:09","date_gmt":"2026-09-10T18:48:09","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=141784"},"modified":"2026-09-10T18:48:09","modified_gmt":"2026-09-10T18:48:09","slug":"world-liberty-financial-usd1-plan-clears-initial-hurdle-for-national-trust-bank","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=141784","title":{"rendered":"World Liberty Financial USD1 Plan Clears Initial Hurdle for National Trust Bank"},"content":{"rendered":"<div>\n<p>World Liberty Financial, the crypto venture backed by the Trump family, said on Friday that its trust company received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) to become a bank.<\/p>\n<p>Upon final approval, World Liberty Trust Company, National Association would operate as a federally chartered national trust bank, according to the company\u2019s statement and the OCC\u2019s decision letter.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">OCC APPROVES WLFI NATIONAL TRUST BANK FOR STABLECOIN ISSUANCE!<\/p>\n<p>The OCC granted preliminary conditional approval for World Liberty Trust Company, National Association to operate as a national trust bank.<\/p>\n<p>It can issue and redeem the $USD1 dollar-backed stablecoin, provide\u2026 <a href=\"https:\/\/t.co\/XYOsV2MDVo\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/XYOsV2MDVo<\/a><\/p>\n<p>\u2014 Crypto Banter (@crypto_banter) <a href=\"https:\/\/x.com\/crypto_banter\/status\/2088397120122352102?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">August 14, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The stakes are tied directly to USD1, World Liberty\u2019s dollar-backed stablecoin, which has a market value of about $4Bn. The approval is preliminary and conditional, not authorization to begin operations.<\/p>\n<p>The OCC said final approval depends on the company meeting all pre-opening requirements and that it may modify, suspend, or rescind the approval before granting final authorization.<\/p>\n<h2>What is the World Liberty Trust?<\/h2>\n<p class=\"p1\">\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_6aa2f88fb250b\" data-coin-id=\"\u201cwlfi-official-world-liberty-financial\u201d\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_6aa2f88fb250b-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_6aa2f88fb250b-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_6aa2f88fb250b-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_6aa2f88fb250b-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_6aa2f88fb250b-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_6aa2f88fb250b-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_6aa2f88fb250b-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_6aa2f88fb250b-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_6aa2f88fb250b-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_6aa2f88fb250b-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_6aa2f88fb250b-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_6aa2f88fb250b-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<p>The proposed charter is intentionally narrow. It would allow World Liberty Trust to issue and redeem USD1 and maintain reserves for the stablecoin in a nonfiduciary capacity.<\/p>\n<p>It would also provide digital-asset custody services in a fiduciary capacity, primarily for USD1 customers and other institutional clients, according to the OCC\u2019s Corporate Decision #1385.<\/p>\n<p>The bank would additionally offer conversion services for custody customers. Under the proposal, those customers could submit approved stablecoins in exchange for USD1 using assets already held in custody. The conversion services would be limited to custody customers and to their custodied assets.<\/p>\n<p>The proposed institution is a national trust bank, not a conventional deposit-taking or lending bank. The OCC described the proposal as involving trust-company operations and related activities, including fiduciary custody and nonfiduciary reserve maintenance.<\/p>\n<p><a href=\"https:\/\/99bitcoins.com\/goto\/kraken\" class=\"sc-button sc-button-green sc-button-medium\" target=\"_blank\" rel=\"nofollow sponsored\"><span>Discover 800+ Trading Pairs You Can Trust With Kraken<\/span><\/a><\/p>\n<h2>Ownership and Custody Structure of World Liberty Financial<\/h2>\n<p>The OCC decision states that the proposed bank would be a wholly owned subsidiary of WLTC Holdings LLC, a Delaware limited liability company.<\/p>\n<p>The bank\u2019s main office would be in Bay Harbor Islands, Florida. The filing states that World Liberty Financial LLC and the proposed bank share indirect common ownership.<\/p>\n<p>USD1 launched last year, and BitGo currently custodies its reserves. The OCC decision says the proposed bank plans to assume the role of issuer and custodian from BitGo Bank &amp; Trust, National Association, which it identifies as the current exclusive issuer and custodian for USD1.<\/p>\n<p>After the bank is established, it intends to acquire and assume USD1 reserve assets and associated liabilities from BitGo. The OCC addressed that proposed acquisition and assumption as part of its review of the bank\u2019s formation.<\/p>\n<p><a href=\"https:\/\/99bitcoins.com\/visit\/kalshi\" class=\"sc-button sc-button-green sc-button-medium\" target=\"_blank\" rel=\"nofollow sponsored\"><span>Make Your Prediction With $25 Free on Kalshi<\/span><\/a><\/p>\n<h2>Where Does the World Liberty Trust Bank Fit in the Stablecoin Landscape?<\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">JUST IN: World Liberty Financial CEO Witkoff says the OCC\u2019s conditional trust charter will give the market \u201cmore confidence in $USD1.\u201d<\/p>\n<p>He says the new federal oversight framework requires 1:1 reserve backing, formal KYC\/AML policies and regular OCC exams.\u2026 <a href=\"https:\/\/t.co\/dxUGKSJioY\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/dxUGKSJioY<\/a><\/p>\n<p>\u2014 CryptosRus (@CryptosR_Us) <a href=\"https:\/\/x.com\/CryptosR_Us\/status\/2092271616046629132?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">August 25, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The OCC decision cites the Guiding and Establishing National Innovation for U.S. Stablecoins, or GENIUS, Act. According to the decision, Congress expressly recognized uninsured national banks\u2019 authority to issue stablecoins under that law.<\/p>\n<p>The agency said payment-stablecoin issuance is permissible as a trust-company operation or an activity related to one. It also concluded that the proposed conversion services relate to the bank\u2019s fiduciary custody activities.<\/p>\n<p>For World Liberty Trust, the conditional approval marks an initial regulatory step rather than a completed launch. The OCC has said the bank cannot commence business until it satisfies all pre-opening requirements and receives final approval and authorization.<\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best Crypto Presales With Asymmetric Upside in the Current Market<\/a><\/strong><\/p>\n<div><strong>Follow\u00a0<a class=\"general-link\" href=\"https:\/\/twitter.com\/99bitcoins\" target=\"_blank\" rel=\"noopener nofollow\">99Bitcoins on X<\/a>\u00a0For the Latest Market Updates and\u00a0<a class=\"general-link\" href=\"https:\/\/www.youtube.com\/@99Bitcoins\" target=\"_blank\" rel=\"noopener nofollow\">Subscribe on YouTube<\/a>\u00a0For Daily Expert Market Analysis.<\/strong><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/world-liberty-financial-occ-approval\/\">World Liberty Financial USD1 Plan Clears Initial Hurdle for National Trust Bank<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>World Liberty Financial, the crypto venture backed by the Trump family, said on Friday that its trust company received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) to become a bank. Upon final approval, World Liberty Trust Company, National Association would operate as a federally chartered national trust bank, according [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-141784","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/141784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=141784"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/141784\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=141784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=141784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=141784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}