Trump Crypto Venture World Liberty Applies for Bank Charter (2)

World Liberty Financial, the crypto venture co-founded by President Donald Trump, is seeking a US bank charter for one of its entities that would allow it to expand its USD1 stablecoin operations.

WLTC Holdings LLC has filed a de novo application with the Office of the Comptroller of the Currency to establish World Liberty Trust, a proposed national trust bank purpose-built for stablecoin services, World Liberty said in a statement Wednesday in New York. The news was first reported by the Wall Street Journal.

World Liberty is the latest crypto firm to apply for a bank charter, a push ...