Recently, a leading exchange completed the launch of spot trading for the Binance Life and zkPass projects. Trading pairs officially opened at 14:00 UTC+0 on January 7, and both projects were granted seed tags.
Meanwhile, important progress has also been reported for World Liberty Financial(WLFI), supported by the family of U.S. President Trump. The company has officially submitted an application to U.S. regulators to establish a nationwide trust bank subsidiary focused on stablecoin operations. The entire application framework fully complies with the federal (GENIUS Act) regulations.
Interestingly, if WLFI's banking plan is approved, it will initially offer fee-free USD-pegged services—that is, a 1:1 exchange of stablecoins for USD. This type of operation has precedents in the cryptocurrency industry, with several crypto companies previously obtaining similar trust bank licenses.
This move appears to be very strategic. It signifies that stablecoins are gradually evolving from pure crypto assets into regulated financial instruments embedded within the traditional banking system. For the entire industry, this not only advances compliance but also signals a new expansion of stablecoin application scenarios.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
22 Likes
Reward
22
8
Repost
Share
Comment
0/400
ShibaOnTheRun
· 01-11 04:22
This wave of stablecoins is about to take off; compliance is the key to success.
View OriginalReply0
MidsommarWallet
· 01-10 02:00
This wave of stablecoins is about to take off; compliance is the key to success.
View OriginalReply0
ChainWatcher
· 01-09 05:07
The compliance of stablecoins in this wave feels like TradFi is being forced to embrace the on-chain world.
View OriginalReply0
screenshot_gains
· 01-08 04:50
This wave of stablecoins is really about to rise, and there’s no turning back on the path to compliance.
View OriginalReply0
WhaleWatcher
· 01-08 04:45
This wave of stablecoins is really about to take off; compliance is the key to success.
View OriginalReply0
DegenRecoveryGroup
· 01-08 04:31
This move with stablecoins is really aggressive, directly bringing traditional finance into the picture.
View OriginalReply0
LiquidityWhisperer
· 01-08 04:30
No fees? Sounds too perfect, I always feel there's a catch behind it.
View OriginalReply0
BakedCatFanboy
· 01-08 04:27
Stablecoins are about to go mainstream, and this wave is truly merging with traditional finance.
Recently, a leading exchange completed the launch of spot trading for the Binance Life and zkPass projects. Trading pairs officially opened at 14:00 UTC+0 on January 7, and both projects were granted seed tags.
Meanwhile, important progress has also been reported for World Liberty Financial(WLFI), supported by the family of U.S. President Trump. The company has officially submitted an application to U.S. regulators to establish a nationwide trust bank subsidiary focused on stablecoin operations. The entire application framework fully complies with the federal (GENIUS Act) regulations.
Interestingly, if WLFI's banking plan is approved, it will initially offer fee-free USD-pegged services—that is, a 1:1 exchange of stablecoins for USD. This type of operation has precedents in the cryptocurrency industry, with several crypto companies previously obtaining similar trust bank licenses.
This move appears to be very strategic. It signifies that stablecoins are gradually evolving from pure crypto assets into regulated financial instruments embedded within the traditional banking system. For the entire industry, this not only advances compliance but also signals a new expansion of stablecoin application scenarios.