WLFI's subsidiaries have applied to the OCC for a national trust banking license.

Foresight News , WLFI, the Trump family's crypto project, tweeted that its subsidiary, WLTC Holdings LLC, has submitted a new establishment application to the Office of the Comptroller of the Currency (OCC) to create the World Liberty Trust Company, a national trust bank specifically for stablecoin operations. If approved, this license will qualify WLTC to issue the US dollar-pegged stablecoin USD1, and WLTC will gradually expand its crypto asset custody and stablecoin exchange services, primarily serving institutional clients.