World Liberty Trust Seeks U.S. National Trust Bank License for Stablecoin Operations

According to BlockBeats, World Liberty Financial has announced that its subsidiary, World Liberty Trust, submitted a de novo application to the U.S. Office of the Comptroller of the Currency (OCC) on January 7. The application aims to secure a national trust bank license in the United States to facilitate the direct issuance and custody of its USD1 stablecoin. If approved, the trust bank plans to gradually expand its services to include crypto asset custody and stablecoin exchange, primarily targeting institutional clients.