WLTC Holdings Applies for US Bank License to Issue USD1 Stablecoin
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Stablecoin Application: WLTC Holdings LLC, a subsidiary of World Liberty Financial, has applied to the OCC for a US bank license to issue USD1 stablecoin, which is expected to enhance USD1's appeal in cross-border payments and treasury management while providing regulatory clarity for banks.
- Market Growth: USD1's circulation exceeded $3.3 billion in its first year, making it the fastest-growing stablecoin in history, demonstrating its popularity in institutional cross-border transactions and further driving market adoption of stablecoins.
- Regulatory Clarity: Zach Witkoff emphasized that the application for a national trust charter will facilitate the integration of issuance, custody, and conversion under one highly regulated entity, providing necessary regulatory clarity for banks and investment firms to foster broader market adoption.
- Partnership Impact: The partnership with BitGo supports USD1's unique growth trajectory, with Mack McCain noting that historical stability and technology adoption trends suggest potential positive impacts on USD1's future market position.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
