World Liberty Financial secures preliminary approval to launch a national trust bank supporting its USD1 stablecoin.
The Office of the Comptroller of the Currency has granted conditional approval to World Liberty Financial to establish a national trust bank. The bank will hold assets backing the firm’s USD1 stablecoin, pending final regulatory clearance.
This approval marks a sharp increase in new U.S. bank charters, with 22 applications approved in the first 19 months of the current administration—exceeding the total of the previous five years. World Liberty must still satisfy capital, governance, and audit requirements before full authorization.
The decision reflects broader regulatory momentum toward digital asset infrastructure, though no immediate market reaction was reported.