Crypto
Trump-linked World Liberty Financial applies for bank charter to expand USD1 stablecoin
World Liberty Financial, a decentralized finance project linked to U.S. President Donald Trump’s family, has applied for a bank charter to strengthen control of its USD1 stablecoin and speed institutional adoption, Cointelegraph reported. Subsidiary WLTC Holdings filed an application with the U.S. Office of the Comptroller of the Currency. If approved, it could receive a conditional charter similar to those held by firms such as Circle and Ripple. USD1 is used for cross-border payments, settlement and treasury operations.
