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World Liberty Financial has applied for US banking approval as stablecoins transition from a trading instrument to a payment platform.
The group said on Wednesday World Liberty Trust has posted a new form to the Office of the Comptroller of the Currency, the Treasury office that licenses and oversees the nation’s banks, in an effort to bring its dollar-denominated stablecoin deeper within regulatory frameworks.
If approved, the document will allow the fund to issue and protect USD1, the dollar-backed token that World Liberty launched last year.
USD1’s market cap has risen to around $3.4 billion, and it has already appeared in major cryptocurrency exchanges, after a third-party investor used USD1 tokens to buy at a price of $2 billion on Binance.
So far, the Freedom of the World has relied on a stable foundation for cryptocurrency. BitGo currently offers USD1 escrow services, and the arrangement is promoted as an integrated system that combines stablecoin issuance, traditional asset management and reporting.
This comes when the climate in Washington has been very favorable to cryptocurrencies under President Donald Trump, and it follows several certifications that show that the authorities are ready to supervise many cryptocurrency companies.
The Office of the Comptroller of the Currency (OCC) in December approved the certification of the national credit bank for a group of cryptocurrency and digital assets companies, including BitGo, Fidelity Digital Assets, Circle, Ripple, and Paxos, to increase the growth of the currency indicator.
Trust banks have less power than international banks, as they are generally not allowed to take deposits or make loans. However, this model still provides an opportunity for stablecoin providers who want to store assets and provide exchange and settlement services without relying entirely on external service providers.
World Liberty has established a trust as a stable business, aimed at exchanges, market makers and investment companies that want to hold stablecoins and transfer services with a bank bond.
The company said it intends to comply with the GENIUS Act, a stablecoin law signed by Trump in July 2025 that established a federal regulation of stablecoins, and said the fund would pursue anti-money laundering and regulatory sanctions.
This step brings politics back to the core of economic activity. Critics have complained about conflicts of interest in the development of Trump-linked stablecoins within the regulated financial sector, while World Liberty says it created a trust to mitigate such risks and said the Trump family has a non-voting stake and cannot run day-to-day operations.
A note World Liberty is seeking a US banking license as part of Trump’s campaign to support cryptocurrencies appeared for the first time Cryptonews Arabic.