World Liberty Secures Conditional OCC Approval to Issue and Custody $4B USD1 Stablecoin
The OCC has conditionally cleared World Liberty Trust to issue and custody its $4 billion USD1 stablecoin under a national charter. The decision allows the firm to manage reserves in-house and perform direct institutional settlement. Political tension is surging, but federal backing for major stablecoins continues to advance.
World Liberty Financial just scored conditional approval from the OCC for a national trust charter. Once finalized, World Liberty Trust will handle direct issuance, redemptions, and reserve custody for its $4 billion USD1 stablecoin under a single federal umbrella, cutting out third-party custodian BitGo.
The national charter unlocks institutional payment settlement and direct Treasury fund management, though it stops short of full commercial banking permissions like retail deposit taking. To secure full clearance, the OCC mandated a $20 million capital floor along with strict internal audit requirements.
Political friction in Washington is intensifying over ethical oversight, but federal regulatory momentum remains firmly on track as major stablecoin issuers lock in federal banking status.