This page may contain stale information. Last updated: 2026-08-15
Overview
World Liberty Financial is a Trump-family-affiliated crypto venture (38% owned by an entity linked to Donald J. Trump and family members) behind the usd1 stablecoin. It sponsors World Liberty Trust Company seeking a national trust bank charter from the occ.
Recent Developments
- 2026-08-14: OCC granted preliminary conditional approval for World Liberty Trust Company, NA (Bay Harbor Islands, FL) — not final operating authority (2026-08-14-world-liberty-occ-trust-bank-charter, 2026-08-14-world-liberty-coindesk-occ)
- Plans to bring USD1 issuance, redemption, reserve management, and institutional custody in-house from bitgo
- Conditions: $20M tier 1 capital by Aug 2027; bank must open by Feb 2028
- Political opposition from Sen. Elizabeth Warren (self-dealing allegations); OCC dismissed conflict comments as outside scope
Preliminary conditional approval only — BitGo remains exclusive issuer/custodian until final OCC authorization.