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Crypto

World Liberty stablecoin USD1 issued natively on Canton, expanding institutional payments infrastructure

World Liberty Financial (WLFI), a cryptocurrency firm involving the Trump family, has issued its stablecoin USD1 in native form on the Canton Network. The move is intended to let institutions handling tokenised real-world assets on Canton use USD1 for payments and fund transfers. World Liberty Financial said it can reduce settlement delays and capital being tied up. A Digital Asset executive said native stablecoins could add flexibility for institutional liquidity and settlement.

Crypto

Trump family-linked WLFI wins conditional approval to set up bank, boosting USD1 expansion

World Liberty Financial (WLFI), a stablecoin issuer involving U.S. President Donald Trump\'s family, has won conditional U.S. approval for a bank charter application. The firm issues the dollar-pegged stablecoin USD1 and said the approval is aimed at expanding its use. The move has drawn attention over the applicant and policy environment, with some Democratic lawmakers raising concerns about potential preferential treatment. U.S. bank licensing has also increased, OCC data and officials said.

Crypto

Pakistan moves to mainstream crypto, invites foreign firms

Pakistan has begun implementing a licensing process under its new Virtual Assets Act, creating a comprehensive legal framework to supervise crypto and related businesses, according to Bitcoin Magazine. Prime Minister\'s special assistant on blockchain and cryptocurrency Bilal Bin Saqib urged foreign firms to enter Pakistan, obtain licences and link to banking services. The law has cleared the Senate and was signed by President Asif Ali Zardari.