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Eric Trump Says Trump Family-Linked World Liberty Financial's Stablecoin USD1 Has Eclipsed PayPal's Digital Dollar: 'The Shift Is Happening' - American Bitcoin (NASDAQ:ABTC), PayPal Holdings (NASDAQ:P
Benzinga· 2026-01-24 03:41
Group 1 - The USD1 stablecoin issued by World Liberty Financial has surpassed PayPal's PYUSD stablecoin, marking a significant milestone in the cryptocurrency market [1] - Binance announced a $40 million WLFI token airdrop for USD1 holders, which will run until February 20, rewarding users with a 1.2× bonus for collateralized holdings [1] - World Liberty Financial is a decentralized finance platform co-founded by Eric Trump, with the Trump family owning 60% of the company and entitled to 75% of revenue from coin sales [2] Group 2 - Eric Trump has criticized traditional banks, claiming they are attempting to obstruct cryptocurrency legislation, indicating a shift in the financial system [3] - Senators Elizabeth Warren and Jack Reed have called for an investigation into World Liberty Financial over alleged ties to North Korea and Russia, which Eric Trump has dismissed as unfounded [4] - As of the latest data, USD1 has a closing price of $0.9999, a 24-hour trading volume of $6.23 billion, and a market cap of $4.4 billion, compared to PYUSD's closing price of $0.9994, trading volume of $188.38 million, and market cap of $3.75 billion [4]
Trump crypto venture World Liberty applies for bank charter
American Banker· 2026-01-08 00:58
Core Viewpoint - World Liberty Financial, co-founded by President Donald Trump, is applying for a national trust bank charter to expand its USD1 stablecoin operations [1][2]. Group 1: Company Developments - WLTC Holdings LLC has submitted a de novo application to the Office of the Comptroller of the Currency for establishing World Liberty Trust, a national trust bank focused on stablecoin services [2]. - World Liberty has raised funds through the sale of its WLFI token, which transitioned from a non-transferable governance token to a tradable asset [4]. - The USD1 stablecoin has a market capitalization of $3.4 billion, and if the charter is granted, it will enable World Liberty Trust to serve institutional clients and offer digital asset custody and stablecoin conversion services [4]. Group 2: Industry Context - The application for a bank charter by World Liberty is part of a broader trend among crypto firms seeking federal legitimacy while avoiding full regulatory obligations of national banks [3]. - Other crypto firms, including Coinbase, Ripple, Paxos, and BitGo, have also pursued bank charters, indicating a growing interest in regulatory frameworks for digital assets [3]. - The national trust charter aims to provide a federal framework for custody, reserve management, and fiduciary oversight, potentially enhancing institutional participation and consumer protections in the crypto space [5].
Trump Crypto Venture World Liberty Applies for Bank Charter
Yahoo Finance· 2026-01-07 23:49
Core Viewpoint - World Liberty Financial, co-founded by President Donald Trump, is pursuing a US bank charter to enhance its USD1 stablecoin operations, reflecting a trend among crypto firms seeking federal legitimacy without full regulatory obligations [1][3]. Group 1: Company Developments - WLTC Holdings LLC has submitted a de novo application to the Office of the Comptroller of the Currency to establish World Liberty Trust, a national trust bank focused on stablecoin services [2]. - World Liberty has raised funds through its WLFI token, which transitioned from a non-transferable governance token to a tradable asset, and its USD1 stablecoin has a market capitalization of $3.4 billion [5]. Group 2: Industry Context - The application for a bank charter by World Liberty is part of a broader trend among crypto firms, which is raising concerns among traditional banks about the implications for financial supervision [3]. - Previous applications for bank charters in the crypto space include Coinbase Global Inc. and conditional approvals for firms like Ripple, Paxos, and BitGo by the OCC [4]. Group 3: Future Implications - If the charter is granted, World Liberty Trust will provide services to institutional clients, including crypto exchanges, and will facilitate digital asset custody and stablecoin conversion [6]. - The co-founder of World Liberty emphasized that a national trust charter would establish a federal framework for custody and reserve management, potentially enhancing institutional participation and consumer protections in regulated payment systems [7].
Trump Media Plans Shareholder Crypto Token in Deal With Crypto.com
PYMNTS.com· 2025-12-31 21:41
Core Viewpoint - Trump Media and Technology Group Corp. is expanding into digital assets by planning to issue a new cryptocurrency for its shareholders, indicating a strong alignment with the evolving crypto market as regulatory pressures ease in Washington [1][7]. Group 1: Cryptocurrency Initiative - The company announced it will create a token in partnership with Crypto.com, distributing one token for every share owned by shareholders [3][5]. - The token is expected to operate on the Cronos blockchain, which is supported by Crypto.com [3]. - This initiative is framed as both a reward for shareholders and a step towards broader integration of cryptocurrency within the company's operations [5][6]. Group 2: Existing Digital Assets - Trump Media is part of a growing list of Trump-linked digital assets, including the WLFI token and the USD1 stablecoin from World Liberty Financial, which is backed by the Trump family [4]. - Earlier this year, the company launched the TRUMP memecoin and the MELANIA token, both of which have experienced significant declines since their introduction, highlighting the volatility in the crypto sector [4]. Group 3: Future Ambitions and Regulatory Environment - The company has ambitions that extend beyond social media and tokens, including plans related to nuclear fusion, cryptocurrency stockpiling, financial products, and sports wagering [7]. - The crypto industry is currently benefiting from a more favorable regulatory environment, with recent legislation clarifying oversight and some enforcement actions being paused or dropped [7].
Trump Meme Team Pulls $33M From Liquidity Again – $94M Gone in 30 Days
Yahoo Finance· 2025-12-31 15:48
Group 1 - The official $TRUMP meme coin wallet withdrew $33 million in USDC from its liquidity pool, totaling $94 million withdrawn over the past 30 days [1] - Withdrawals were executed in batches ranging from $2 million to $17.2 million, with funds transferred to Coinbase-linked custody addresses [2] - The systematic removal of liquidity follows a pattern established in previous transactions, indicating a strategic approach by the team [3] Group 2 - The Trump family has reportedly generated approximately $1 billion in pre-tax gains from digital asset projects over the past year, with $427 million in revenues from the $TRUMP and $MELANIA meme coins [4] - Trump's financial disclosure indicates he received $57.4 million in income from the firm, holding 15.75 billion WLFI tokens, which represents 15.75% control of the project [5] - Trading volumes for the governance token exceeded $1 billion within the first hour of trading, although prices later retreated by 16% [6] Group 3 - Trump Media & Technology Group has become one of the largest institutional holders of Bitcoin, holding approximately 11,542 BTC valued at over $1 billion [7] - This Bitcoin position represents roughly 20% of TMTG's total market capitalization, ranking it eleventh among publicly traded companies with Bitcoin treasury positions [7]
X @Cointelegraph
Cointelegraph· 2025-12-22 18:00
🚨 UPDATE: The Trump family’s crypto project World Liberty Financial ends 2025 with its WLFI token down over 40%. https://t.co/29nEVU2ScL ...
X @BSCN
BSCN· 2025-12-21 10:50
RT BSCN (@BSCNews)🤔 Is $WLFI the ultimate crypto play for 2026?One of the biggest launches in crypto history, @worldlibertyfi's native token went live just weeks ago.We've built a full A-Z analysis of the WLFI token's...- Tokenomics- Supply Dynamics & Distribution- Utility- Recent updates... and more ⬇️https://t.co/x4rEcybXQk ...
X @BSCN
BSCN· 2025-12-21 03:50
RT BSCN (@BSCNews)🤔 Is $WLFI the ultimate crypto play for 2026?One of the biggest launches in crypto history, @worldlibertyfi's native token went live just weeks ago.We've built a full A-Z analysis of the WLFI token's...- Tokenomics- Supply Dynamics & Distribution- Utility- Recent updates... and more ⬇️https://t.co/x4rEcybXQk ...
X @BSCN
BSCN· 2025-12-20 23:50
RT BSCN (@BSCNews)🤔 Is $WLFI the ultimate crypto play for 2026?One of the biggest launches in crypto history, @worldlibertyfi's native token went live just weeks ago.We've built a full A-Z analysis of the WLFI token's...- Tokenomics- Supply Dynamics & Distribution- Utility- Recent updates... and more ⬇️https://t.co/x4rEcybXQk ...
X @BSCN
BSCN· 2025-12-20 20:41
🤔 Is $WLFI the ultimate crypto play for 2026?One of the biggest launches in crypto history, @worldlibertyfi's native token went live just weeks ago.We've built a full A-Z analysis of the WLFI token's...- Tokenomics- Supply Dynamics & Distribution- Utility- Recent updates... and more ⬇️https://t.co/x4rEcybXQk ...