World Liberty Financial has announced that one of its entities has submitted a de novo application to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter. This move aims to enable the entity to directly issue and manage its dollar-backed stablecoin, USD1. If the application is approved, the trust bank intends to gradually introduce crypto custody and stablecoin conversion services, targeting institutional clients. This development marks a significant step for World Liberty Financial in expanding its financial services within the cryptocurrency sector.