Crypto firm World Liberty Financial, a Trump-family venture and closely linked to US President Donald Trump, applied for a national banking charter on Wednesday, Jan. 7. The latest report shows that they have submitted the national charter application to the US Office of the Comptroller (OCC) to establish the World Liberty Trust Company (WLTC). If the OCC approves the Trust company, it would directly issue the USD1 stablecoin, a USD-pegged stablecoin linked to World Liberty Financial. The firm stated tha ...

Core Viewpoint - Coinbase CEO Brian Armstrong raised concerns about the competitiveness of dollar-pegged stablecoins following China's decision to pay interest on its central bank digital currency (CBDC), the Digital Yuan [1][2]. Group 1: Competitive Landscape - Armstrong highlighted that China's move to offer interest on the Digital Yuan provides it with a "competitive advantage" over U.S. stablecoins [2][3]. - He emphasized that rewards or interest payments on stablecoins could benefit ordinary people, similar to community lending, and urged for a market-driven approach [2]. Group 2: Legislative Challenges - The potential for yield payments on stablecoins is a significant barrier to the passage of the cryptocurrency market structure bill, which is supported by industry leaders like Armstrong [4]. - Concerns from Democrats revolve around the possibility that interest on stablecoin balances could divert deposits from traditional banking systems, particularly affecting community banks [4]. Group 3: Market Reactions - Following Armstrong's comments, Coinbase shares experienced a slight increase of 0.19% in after-hours trading, after a regular session decline of 1.85%, closing at $245.93 [5]. - Over the past year, Coinbase's stock has decreased by 5.42% [5].

Core Insights - CoinDesk collaborates with the Solana Foundation to introduce Solana Accelerate at Consensus Hong Kong, scheduled for February 10-12, 2026, with the event specifically taking place on February 11 [1][2] Group 1: Event Overview - Solana Accelerate aims to unite a diverse range of participants from the crypto ecosystem, including founders, developers, institutions, protocols, policymakers, and innovators, to shape the future of digital assets in the Asia-Pacific region [2] - Consensus Hong Kong will feature high-quality content and connections at an institutional level, including regulatory roundtables, capital strategy sessions, and technical deep dives, facilitating direct engagement between decision-makers and crypto development teams [3] Group 2: Significance of the Event - The event is positioned as a critical gathering for the global crypto ecosystem, bringing together various stakeholders to foster innovation and collaboration [4] - Hong Kong is highlighted as a historical hub for transforming new financial frontiers into functioning markets, with Solana Accelerate providing a platform for builders, institutions, and policymakers to engage with emerging technologies [4] Group 3: Additional Activities - Attendees will have the opportunity to participate in cultural activations, such as the Consensus Cup at the Hong Kong Jockey Club, and engage in an exclusive institutional summit in partnership with SALT, enhancing the overall experience of the event [4]

Tyler Winklevoss, co-founder of Gemini Space Station, Inc. (NASDAQ:GEMI), slammed the state of California and Governor Gavin Newsom on Wednesday for approving a bill that lets authorities take control of unclaimed cryptocurrency.Winklevoss Targets NewsomIn an X post, Winklevoss alleged that the “failed state” of California wants to “steal” the Bitcoin (CRYPTO: BTC) that people had held for long periods.The cryptocurrency mogul said that the state administration is trying to feed its “money pit grift machine ...

Core Insights - The stablecoin sector has shown resilience in 2025, with significant interest from traditional finance, centralized exchanges (CEX), and decentralized finance (DeFi) players, indicating a competitive landscape akin to the "hundred schools of thought" during the internet era [1] - USDD has launched initiatives to enhance its market presence, including a 30-day incentive program that rapidly increased its total value locked (TVL) to over $150 million [1] Industry Overview - The stablecoin market is projected to grow significantly, with estimates suggesting a potential market size of $3 trillion to $4 trillion by 2030, highlighting the untapped potential in this sector [2] - The demand for reliable digital dollars is increasing, positioning stablecoins like USDD as critical players in the evolving financial ecosystem [2] Market Dynamics - The stablecoin market is experiencing rapid growth, leading to an influx of new products aimed at capturing existing users, although not all projects have the foundational strength for long-term stability [3][4] - Recent incidents of de-pegging have underscored the risks associated with inadequate risk management and capital adequacy in some stablecoin projects [4] User Considerations - Users prioritize stability and security when selecting a stablecoin, with USDD emphasizing its commitment to reliability and sustainable yield mechanisms [5] - The competitive landscape includes established players like USDT, which, despite its market dominance, faces criticism for its centralized operations and associated risks [6][7] Security and Transparency - USDD employs a robust security framework, utilizing an over-collateralized debt position (CDP) model to ensure each USDD is backed by sufficient assets [8] - Transparency is a core principle for USDD, with real-time updates on collateral and proof of reserves (PoR) available for user verification [9][10] Revenue Generation - USDD's revenue primarily stems from its Smart Allocator investment plan, which focuses on sustainable growth rather than short-term high yields [10][11] - Additional revenue sources include fees from the minting process and liquidation of collateralized positions [12][13] Growth Strategy - USDD aims to achieve $1 billion in liquidity, leveraging partnerships with leading exchanges and DeFi protocols to expand its user base and real-world applications [17] - The company plans to continue its multi-chain expansion, having successfully launched on Ethereum and BNB Chain, and is set to introduce new promotional activities to attract users [15][17]

由美国总统唐纳德.特朗普共同创立的加密企业World Liberty Financial(WLFI.US)，正为其旗下一家实体 申请美国银行牌照，此举将助力其拓展市值达30亿美元的稳定币USD1业务。 World Liberty在其官网上将特朗普列为"荣誉共同创始人"。该公司通过发售WLFI代币进行融资，该代币 最初设计为不可转让的治理代币，后转为可交易代币。根据追踪机构CoinGecko数据，其稳定币 USD1(曾被某基金用于投资加密货币交易所币安)市值已达34亿美元。 World Liberty周三发布声明称，其旗下公司WLTC Holdings LLC已向美国货币监理署提交全新申请，计 划设立一家专门提供稳定币服务的全国性信托银行——World Liberty Trust。 该公司表示，若获批牌照，World Liberty Trust将可为加密交易所等机构客户提供服务，同时提供数字资 产托管和稳定币转换服务，使其他稳定币持有者能将其资产转换为USD1。 World Liberty成为最新一家申请银行牌照的加密公司，这一动向引发传统金融机构警觉。传统银行认 为，这是加密企业试图在不承担全国性银行全部监管 ...

Group 1 - Coinbase CEO Brian Armstrong advocates for a US stablecoin policy modeled after China's approach, particularly highlighting interest payments on digital currencies as beneficial for ordinary people [1][2] - Armstrong argues that allowing rewards on stablecoins would not disrupt bank lending and would provide advantages to American consumers, suggesting a more market-driven approach [2] - The GENIUS Act, passed in July 2025, allows platforms like Coinbase to share yields with stablecoin holders, a provision currently under threat from US banking lobbyists [1][5] Group 2 - The Chinese response to Armstrong's comments indicates confusion, with analysts noting that the digital yuan is not classified as a stablecoin [3] - Interest payments on the digital yuan are seen as a reaction to low adoption rates, with the program subsidized by commercial banks rather than the central bank [4] - The interest rates offered on the digital yuan are likely below standard demand deposit rates, raising questions about their effectiveness in incentivizing users [4]

Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.The easy yield in crypto is gone, and market maker Flowdesk thinks the reason is structural rather than cyclical. In its 2025 crypto credit review, the market maker argues that yields compressed across staking, stablecoin lending, and bit ...

(Bloomberg) — World Liberty Financial, the crypto venture co-founded by President Donald Trump, is seeking a national trust bank charter for one of its entities that would allow it to expand its USD1 stablecoin operations.Processing ContentWLTC Holdings LLC has filed a de novo application with the Office of the Comptroller of the Currency to establish World Liberty Trust, a proposed national trust bank purpose-built for stablecoin services, World Liberty said in a statement Wednesday in New York. The news w ...

Bloomberg World Liberty Financial, the crypto venture co-founded by President Donald Trump, is seeking a US bank charter for one of its entities that would allow it to expand its USD1 stablecoin operations. WLTC Holdings LLC has filed a de novo application with the Office of the Comptroller of the Currency to establish World Liberty Trust, a proposed national trust bank purpose-built for stablecoin services, World Liberty said in a statement Wednesday in New York. The news was first reported by the Wall ...