World Liberty Financial's CEO Zach Witkoff denies allegations that the USD1 stablecoin is used to funnel funds to the Trump family, emphasizing its organic growth and utility. USD1 has over $4 billion in circulation and daily trading volumes exceeding $1 billion, showing strong market demand. Despite political scrutiny and skepticism due to Trump family backing and related controversies, USD1's market supply grew by 20% in 2026, outperforming Tether's USDT which declined by 2%. The firm recently received a conditional trust charter license from the OCC, enabling it to custody its own reserves and institutionalize its business, signaling confidence in USD1's future growth.
Investors linked to Abu Dhabi's Sheikh Tahnoon bin Zayed al Nahyan reportedly own 49% of WLTC Holdings, the entity behind World Liberty Financial's planned national trust bank, which recently received conditional approval from the U.S. Office of the ...
World Liberty Financial, backed by the Trump family, received preliminary approval for a national bank trust charter from the Office of the Comptroller of the Currency. This approval allows the company to manage its USD1 stablecoin under federal regu...
Cryptocurrency markets rallied strongly this week, with Bitcoin climbing over 20% to nearly $80,000, driven by ETF inflows, improved liquidity, and a risk-on sentiment. Altcoins also performed well, especially Ethena (ENA) which surged over 100%, and...
