Techub News reports that WLTC Holdings, a subsidiary of the crypto platform World Liberty Financial supported by the Trump family, has submitted an application for a national trust bank charter to the Office of the Comptroller of the Currency (OCC). The application will allow the trust bank to independently issue, custody, and convert stablecoins under federal regulation without relying on third-party service providers. World Liberty stated that institutional clients are already using USD1 in cross-border payments, settlements, and financial operations, and the trust charter will help integrate issuance, custody, and conversion services under a regulated entity.