World Liberty Financial is About to Issue a Stablecoin #

The company, most famous for being associated with notable meme coins, such as Trump Coin, World Liberty Finance, has announced that it filed to create World Liberty Trust Company, National Association (WLTC), a proposed national trust bank purpose-built for stablecoin operations.

Under the new licensing, the company intends to offer stablecoin issuance and redemption, on-ramp and off-ramp services, and custody and conversion.

“This application marks a further evolution of the World Liberty Financial ecosystem. USD1 grew faster in its first year than any other stablecoin in history,” said Zach Witkoff, the proposed President and Chairman of World Liberty Trust Company. “Institutions are already using USD1 for cross-border payments, settlement, and treasury operations. A national trust charter will allow us to bring issuance, custody, and conversion together as a full-stack offering under one highly regulated entity."