Recommended Free Tools
World Liberty Financial wants its USD1 stablecoin business inside a federally supervised national trust bank. The Office of the Comptroller of the Currency (OCC) gave the proposed World Liberty Trust Company preliminary conditional approval on August 14, 2026—but the company is not yet authorized to open. The charter would not turn it into a conventional retail bank: it is designed to bring stablecoin issuance, reserve management, institutional custody and limited conversion services under OCC oversight.
What kind of bank is World Liberty trying to become?
World Liberty Financial’s subsidiary, WLTC Holdings LLC, applied to the OCC for a national trust bank charter on January 7, 2026. The proposed institution is called World Liberty Trust Company, National Association. Reuters reported the application and the OCC later issued its preliminary conditional approval. Reuters; OCC.
A national trust bank is not the same as a typical commercial bank with checking accounts, savings deposits and consumer loans. The OCC’s approval conditions limit the proposed entity to trust-company operations and related activities. Reuters reported that this kind of charter generally does not permit deposit-taking or lending like a traditional bank.
| Feature | Proposed national trust bank | Conventional insured commercial bank |
|---|---|---|
| Core activities | Approved trust-company business, including planned stablecoin issuance, fiduciary digital-asset custody and specified conversion services, according to the OCC’s decision. | May offer ordinary banking activities such as deposit-taking and lending, subject to its charter and applicable regulation. |
| Deposits and loans | The proposed charter does not generally permit deposit-taking or lending like a conventional bank, Reuters reported. | Commonly accepts deposits and makes loans. |
| Deposit insurance | The proposed institution would not be an insured depository institution. The OCC says payment stablecoins are not deposits covered by federal deposit insurance under the GENIUS Act. | Eligible deposits at an insured bank are covered by federal deposit insurance, subject to applicable limits and rules. |
| Intended customer scope | The OCC describes planned USD1 issuance to institutional clients nationwide and conversion services for custody customers in relation to their custodied assets. | May serve consumers, businesses or other customer groups depending on the institution. |
Accordingly, a USD1 holder should not treat the token as an FDIC-insured bank deposit. The OCC’s decision describes USD1 as a payment stablecoin, not an insured deposit. OCC.
Free tools Windows power users keep installed
One-click scans. No signup required.
#1 Best Overall
- Read Before You Buy — No Video Output: These adapters support charging and USB 2.0 data transfer, but cannot transmit video signals. Except for standard USB webcams (which use USB data only), they are not compatible with HDMI/DisplayPort cables, video-capable USB-C hubs, or docking stations with video output.
- Convert USB-A Ports to USB-C: Designed to connect USB-C earphones, cables, flash drives, card readers, and other USB-C accessories to standard USB-A ports. Plug-and-play with no drivers or software required.
- Aluminum Alloy Housing: Built with a sturdy aluminum alloy shell that aids in heat dissipation and protects against daily wear and scratches. Designed to maintain a stable and secure connection.
- Compact & Travel-Friendly: The ultra-compact design allows the adapter to stay plugged into your device without blocking adjacent ports or adding bulk, reducing wear and tear on your original USB ports.
- 12-Month Warranty: Backed by a 12-month manufacturer warranty for peace of mind. Designed to meet strict quality control standards for reliable everyday performance.
Why does USD1 need a bank charter?
The business case is to put several parts of the USD1 operation under one federally chartered trust bank: issuing the stablecoin, redeeming it, maintaining its reserves, holding digital assets for institutional clients and providing certain conversion services. The OCC’s decision says BitGo Bank & Trust was then USD1’s exclusive issuer and custodian, and that the proposed World Liberty Trust intended to take over those functions. OCC.
The application is institution-focused rather than a plan for ordinary consumer banking. The OCC describes issuance of USD1 to institutional clients nationwide, fiduciary custody of digital assets, and conversion of approved stablecoins into USD1 only for custody customers and in relation to assets they have placed in custody. That scope gives World Liberty a route to consolidate core stablecoin operations within an entity subject to OCC supervision, rather than relying on a third party for issuance and custody.
Rank #2
- 5-in-1 USB-C Hub: Experience comprehensive connectivity featuring a Power Delivery input, two USB-A 2.0 ports, a USB-A 3.0 port, and an HDMI port. (Note: The USB-C power delivery input port is only for connecting an external wall charger to power your laptop and cannot power peripheral devices.)
- 90W Pass-Through Charging: Achieve optimal charging with 90W pass-through power to your laptop, supported by a total input of 100W, with the hub reserving 10W for operational efficiency. (Note: Wall charger not included.)
- Quick Data Transfers: Accelerate your productivity with rapid data transfers using a high-speed 5Gbps USB 3.0 port and two 480Mbps USB 2.0 ports.
- 4K HDMI Display: Enhance your visual experience with a hub capable of delivering 4K resolution at 30Hz in both mirror and extend modes. Please note that this hub is compatible with MacBook (macOS 12 and newer), Windows 10 and 11, ChromeOS, and laptops equipped with DP Alt Mode and Power Delivery. Note: This device is not compatible with Linux.
- What You Get: Anker USB-C Hub (5-in-1, 4K HDMI), welcome guide, 18-month warranty, and our friendly customer service.
World Liberty Trust president and chairman Zach Witkoff presented that rationale in a company statement on August 14, 2026: “A national trust bank brings USD1 issuance, custody, and reserve management together under OCC supervision, examined on the same standards that have governed banks for generations. We welcome continuous scrutiny from Federal regulators for many years to come.” This is the company’s argument for the charter, not an independent finding about the quality or effectiveness of future oversight. Reuters.
What would the OCC approval require?
The OCC’s August 14, 2026 decision set conditions the proposed bank must satisfy; it does not establish that the company has already met them. Key conditions include:
Rank #3
- Sleek 7-in-1 USB-C Hub: Features an HDMI port, two USB-A 3.0 ports, and a USB-C data port, each providing 5Gbps transfer speeds. It also includes a USB-C PD input port for charging up to 100W and dual SD and TF card slots, all in a compact design.
- Flawless 4K@60Hz Video with HDMI: Delivers exceptional clarity and smoothness with its 4K@60Hz HDMI port, making it ideal for high-definition presentations and entertainment. (Note: Only the HDMI port supports video projection; the USB-C port is for data transfer only.)
- Double Up on Efficiency: The two USB-A 3.0 ports and a USB-C port support a fast 5Gbps data rate, significantly boosting your transfer speeds and improving productivity.
- Fast and Reliable 85W Charging: Offers high-capacity, speedy charging for laptops up to 85W, so you spend less time tethered to an outlet and more time being productive.
- What You Get: Anker USB-C Hub (7-in-1), welcome guide, 18-month warranty, and our friendly customer service.
- Stay within the approved plan: The bank must limit operations to activities in its approved trust-company business plan and may not meet the Bank Holding Company Act definition of a “bank.”
- Maintain capital: It must hold at least $20 million in Tier 1 capital. At least the greater of half its Tier 1 capital or $10 million must be in eligible liquid assets.
- Set aside operating liquidity: It must separately hold 180 days of operating expenses in eligible liquid assets.
- Seek approval for major changes: During its in-organization period and its first three years of operation, it must provide advance notice and obtain the OCC’s written no-objection for significant changes to its business plan or operations.
- Adapt to stablecoin rules: It must conform, cease or divest stablecoin activities if necessary to comply with the GENIUS Act, its implementing regulations or other applicable future rules.
These controls are part of the preliminary approval’s terms, not evidence that the proposed institution is already operating. OCC.
Has the OCC approved it to open?
No. The OCC granted preliminary conditional approval, not final authorization to commence business. Its decision states: “The OCC has granted preliminary conditional approval only.” The bank cannot begin business until it satisfies pre-opening requirements, and the OCC may modify, suspend or rescind the preliminary approval before that happens. OCC.
Rank #4
- Dual Converters, Infinite Potential：Includes 2× USB C male to USB A female adapters and 2× USB A male to USB C female adapters. Perfect for a wide range of uses—tablets with Bluetooth keyboards, expand USB ports on macbook, and more. Two different converters for all your daily needs
- Next-Level 10Gbps & 3A Charging: No more slow 480Mbps, this usb to usb c adapter has a transfer speed of up to 10Gbps, allowing you to do more transferring in less time. This usb adapter fits both USB A and USB C charger, supporting up to 3A fast charging
- Upgraded Exquisite Craftsmanship: With an aluminum alloy housing and metal connector, the usbc to usb adapter is extremely durable and sturdy. Rigorously tested to withstand more than 10,000 times of plugging and unplugging, ensuring long-lasting performance
- Broad Compatible: The usb c to usb adapter widely supports all USB C/ USB A devices like laptops, tablets, cellphones, car chargers, and phone chargers. Such as compatible with MacBook Pro/Air 2023/2022, Thunderbolt 4/3 Devices,Apple MagSafe Watch 9/8/7/SE/Ultra, iPad Pro 2022/2021, Samsung Galaxy S23/S20/S10, and iPhone 17/16/15 Pro. Plug and play
- Please Note: To reach 10Gbps speed, keep the cable under 3.3 ft. For USB A Male to USB C adapters, try flipping the USB C connector. USB C Male to USB A adapters support bidirectional 10Gbps transfer within 3.3 ft
| Stage | What it means here | What remains |
|---|---|---|
| Preliminary conditional approval | The OCC has approved the proposal subject to conditions. | The proposed bank must satisfy pre-opening requirements; it is not authorized to commence business. |
| Final authorization to open | The stage that would allow the institution to begin business. | The OCC’s decision makes clear that this authorization had not yet been granted as of August 14, 2026. |
What are the conflict-of-interest concerns?
The OCC recorded seven public comments from four commenters. They raised concerns about potential conflicts involving President Donald Trump and his family, the Witkoff family and non-U.S. investors; whether the proposed activities fit a trust bank charter; the sufficiency of public information; and risks associated with supervision and stablecoin activities. OCC.
Senator Elizabeth Warren argued in a January 13, 2026 letter that the application raised serious conflicts because the OCC would regulate a company financially tied to the president’s family. That is the senator’s criticism. Senate letter.
Best Value
- 5-in-1 Connectivity: Equipped with a 4K HDMI port, a 5 Gbps USB-C data port, two 5 Gbps USB-A ports, and a USB C 100W PD-IN port. Note: The USB C 100W PD-IN port supports only charging and does not support data transfer devices such as headphones or speakers.
- Powerful Pass-Through Charging: Supports up to 85W pass-through charging so you can power up your laptop while you use the hub. Note: Pass-through charging requires a charger (not included). Note: To achieve full power for iPad, we recommend using a 45W wall charger.
- Transfer Files in Seconds: Move files to and from your laptop at speeds of up to 5 Gbps via the USB-C and USB-A data ports. Note: The USB C 5Gbps Data port does not support video output.
- HD Display: Connect to the HDMI port to stream or mirror content to an external monitor in resolutions of up to 4K@30Hz. Note: The USB-C ports do not support video output.
- What You Get: Anker 332 USB-C Hub (5-in-1), welcome guide, our worry-free 18-month warranty, and friendly customer service.
The OCC said it reviewed the application under established policies and delegated it to career staff, and concluded that the listed activities were permissible for a national trust bank. On objections involving foreign investors, WLFI token purchases and related possible legal concerns, the OCC said those issues were outside the scope of this charter application because World Liberty Financial, Inc. and those investors were not parties to it. That is the agency’s explanation of its review; it does not settle the broader political dispute. CBS’s August 17, 2026 coverage also described Democratic criticism and World Liberty’s response that a national charter would bring continuing OCC supervision. OCC; CBS News.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
