Recently, a leading exchange completed spot trading listings for two projects, Binance Life and zkPass. On January 7th at 14:00 UTC+0, official trading pairs were opened, and seed tags were enabled for both projects.
At the same time, World Liberty Financial(WLFI), backed by the Trump family, announced important developments. The company has officially submitted an application to U.S. regulators, planning to establish a national trust bank subsidiary focused on stablecoin business. The entire application framework fully complies with the federal GENIUS Act(GENIUS Act)regulations.
Interestingly, if WLFI's banking plan is approved, it will initially offer fee-free USD-anchored services—meaning 1 USD stablecoin can be redeemed 1:1 for US dollars. This approach has precedents in the cryptocurrency industry, as several crypto companies have previously obtained similar trust bank licenses.
This move appears critical. It marks stablecoins transitioning from pure crypto assets to regulated financial tools embedded within the traditional banking system. For the entire industry, this represents both a step forward in compliance and a new signal for expanding stablecoin use cases.
Recently, a leading exchange completed spot trading listings for two projects, Binance Life and zkPass. On January 7th at 14:00 UTC+0, official trading pairs were opened, and seed tags were enabled for both projects.
At the same time, World Liberty Financial(WLFI), backed by the Trump family, announced important developments. The company has officially submitted an application to U.S. regulators, planning to establish a national trust bank subsidiary focused on stablecoin business. The entire application framework fully complies with the federal GENIUS Act(GENIUS Act)regulations.
Interestingly, if WLFI's banking plan is approved, it will initially offer fee-free USD-anchored services—meaning 1 USD stablecoin can be redeemed 1:1 for US dollars. This approach has precedents in the cryptocurrency industry, as several crypto companies have previously obtained similar trust bank licenses.
This move appears critical. It marks stablecoins transitioning from pure crypto assets to regulated financial tools embedded within the traditional banking system. For the entire industry, this represents both a step forward in compliance and a new signal for expanding stablecoin use cases.