Trump's World Liberty Financial Applies for Banking License for USD1
World Liberty Financial (WLFI), linked to Donald Trump, has applied for a national banking charter to establish the “World Liberty Trust Company.” This proposed bank aims to manage the issuance, custody, redemption, and reserve management of USD1, WLFI's stablecoin with over $3.3 billion in supply across 10 blockchain networks. The move signals a shift in stablecoin strategy, evolving from speculative trading tools to regulated settlement infrastructure. WLFI's application suggests a future where banks, payment firms, and large corporations can integrate stablecoins into their operations. This strategic move anticipates formal stablecoin regulations, positioning WLFI to meet institutional demands for compliance and regulatory clarity.
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