Key Highlights
- World Liberty wants a US bank charter to manage its USD1 stablecoin with the charm of a carefully choreographed drama. 🎭
- USD1 has hit $3.3 billion-because who needs patience when you can grow a stablecoin faster than TikTok trends? 😉
- Tired of crypto chaos? Enter Trump family’s whimsical world of “trust”… trust us. 😏
The Trump-adjacent crypto crew, World Liberty Financial, just took a dive into the regulatory deep end by filing for a US bank charter. Because let’s face it-it’s not really a stablecoin without a bureaucratic paper chase, right?
Their subsidiary, WLTC Holdings LLC, have now joined the club of firms with big dreams and bigger paperwork at the Office of the Comptroller of the Currency (OCC). If approved, they’ll be minting USD1 like it’s their day job-and maybe it is? 🏢
World Liberty’s got one hand on a bank charter and the other on a stablecoin 🤑🐦-stay classy, crypto!
– WLFI (@worldlibertyfi) January 7, 2026
This new move might save them from relying on third parties… or it might just make the regulatory dance even more elaborate. Either way, co-founder Zach Witkoff says institutions are already using USD1 for payments and treasury work. Sounds stable until it isn’t. 🤷
What the Charter Would Allow
The proposed trust bank will be focused solely on stablecoin stuff. Trick or treat? They also plan to let users mint and redeem USD1 for free at launch. Nice, but are we sure this isn’t just a slow-burn Ponzi scheme? 🎃
To sweeten the deal, they’ll offer custody services for USD1 and other stablecoins (yeah, because trusting dollars is sooooo 2023). Also, USD1 is currently backed by US Treasuries, but that could change. Any day now. 🚀
The stablecoin plays nice with Ethereum, Solana, and others-because why pick just one blockchain when you can juggle them all? 🪄
And guess what? USD1 just hit $3.3 billion in circulation. That’s a lot of zeros. Someone get the champagne-and a fire extinguisher. 🥂💧
Regulatory Context and Growing Scrutiny
The US OCC has been chill about crypto banking lately. They’ve even approved charters for big names like Circle and BitGo. Still, World Liberty’s Trump ties are raising eyebrows. Let’s be honest: this is drama with a bank account. 😬
And yes, Donald Trump the actual one is listed as a co-founder. Because nothing says “trust” like having a former president on your team, right? Jon Gould of the OCC is all about promoting competition… just don’t let the drama derail progress. 🚨
Witkoff claims the new structure will avoid conflicts, even if that means giving up Trump’s executive privileges. But let’s see how that holds up. After all, Trump pardoning CZ just feels… incidental. 🤷
Why This Matters for the Crypto Market
This charter quest shows stablecoin players are ready to get cozy with regulators. USD1 could now attract big portfolio managers and crypto exchanges-assuming they can trust the Trump family’s casual approach to compliance. 🙌
World Liberty’s also planning to spend $10 million on its token via USD1. Because crypto needs more pyramid schemes with a twist of patriotism. 🇺🇸
As regulators weigh in, the fate of World Liberty’s application might just rewrite the rulebook for crypto and traditional finance. Or, y’know, make headlines for all the wrong reasons. Either way, prepare popcorn. 🍿
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2026-01-08 08:22