Traditional finance and the crypto world are colliding more frequently. The Trump family’s crypto project WLFI recently submitted a heavyweight application—officially filing for the establishment of the World Liberty Trust Company, a national trust bank, with the Office of the Comptroller of the Currency (OCC). If approved, this will mark the first deep integration of political influence with crypto finance.
The business layout of this trust bank is quite clear:
First is the qualification to issue official stablecoins. The USD1 stablecoin plans to maintain a 1:1 peg with the US dollar, potentially becoming the first stablecoin product endorsed by a traditional political-backed trust institution.
Second is crypto asset custody services. Providing secure storage solutions for Bitcoin and other digital assets for hedge funds, trading platforms, and other professional institutions.
Furthermore, building a stablecoin exchange network. Developing professional stablecoin trading and settlement infrastructure tailored for institutional clients.
In simple terms, the Trump family is leveraging political credibility as a bargaining chip, directly targeting the stablecoin track and the core areas of crypto financial services. This is not only a business strategy but also a planned entry of traditional political power into the fintech sector.
What does the emergence of this model mean? How will regulators respond to such applications? Once approved, how might it change the current competitive landscape of the stablecoin market? Looking forward to hearing everyone’s thoughts.
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WalletWhisperer
· 01-11 06:30
Damn, political figures directly entering the stablecoin space? Things are about to get stirred up...
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If USD1 truly 1:1 pegs to the US dollar, then USDC and USDT will be panicked, after all, there are members of Congress backing them.
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It's a combination of trust banks, stablecoins, and custodial services—this combo is hitting hard.
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Will regulators approve? It feels like OCC will need to review repeatedly for a year or two.
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Honestly, the traditional power players entering Web3 is just about controlling the narrative, don’t be too optimistic.
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Custody of Bitcoin is the real focus; this is a fight for Grayscale and Coinbase’s business.
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I just want to know if USD1 will become the new standard for reserve currency after launch...
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The Trump family using political credit to harvest profits sounds absolutely ruthless.
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If it really passes, the stablecoin track will turn into a political arena—interesting.
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GateUser-75ee51e7
· 01-10 05:23
Whoa, this time it's serious. Politicians directly getting involved in stablecoins? How will regulators view this?
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DustCollector
· 01-08 20:05
Politicians entering the scene is indeed interesting, but can this USD1 stablecoin really be pegged at 1:1? Easier said than done.
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TokenTaxonomist
· 01-08 06:58
nah, let me pull up my spreadsheet real quick – the regulatory risk matrix on this one is... taxonomically incorrect from the jump. USDC's already got the infrastructure play locked down, so where's the actual moat here? data suggests political capital ≠ competitive advantage in custody, statistically speaking.
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ChainDoctor
· 01-08 06:55
Politicians getting into crypto, it depends on how the OCC's attitude is, feels like it could be quite interesting.
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AirdropHunter007
· 01-08 06:55
This move is really quite aggressive. Political endorsement into crypto is definitely a new trend.
Wait, if USD1 really passes, then USDC and USDT will be panicking.
Honestly, this is a pretty big move, but whether OCC will agree or not is still two different things.
Politicians going all in on crypto feels like a signal of the times.
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CryptoPhoenix
· 01-08 06:54
Remember, this is the real opportunity brewing. Once politically backed stablecoins are implemented, the entire sector will undergo a reshuffle. For those still in the bottom range, it's time to rebuild your mindset.
The moment of rebirth and rebirth may be coming, but whether we can pass the regulatory hurdle depends on the situation. Don't get too excited; continue to wait patiently.
Honestly, the involvement of political forces in crypto finance is both an opportunity and a risk. Energy conservation, friends. There are definitely people making money, but there will also be those who take over the losses.
I'm a bit nervous, not joking. If Trump's combination punches really keep landing, the landscape of decentralized stablecoins will be completely changed. We retail investors need to think clearly about what our beliefs are.
The bear market is actually the biggest test of human nature. Is the probability of this application being approved high? It feels like OCC won't loosen up so quickly, but what if...
Seeing this news, I got a bit too excited. Stay calm, wait until it's approved. Chasing high now just means being harvested.
The key to crossing cycles is not to be led astray by news. Politically backed stablecoins sound impressive, but real value return still depends on time for validation. Everyone, don't panic.
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PonziWhisperer
· 01-08 06:44
Political credibility as a chip? I see through this trick clearly... But I have to admit, passing the OCC hurdle might not be that easy, don't get caught up in FOMO.
Traditional finance and the crypto world are colliding more frequently. The Trump family’s crypto project WLFI recently submitted a heavyweight application—officially filing for the establishment of the World Liberty Trust Company, a national trust bank, with the Office of the Comptroller of the Currency (OCC). If approved, this will mark the first deep integration of political influence with crypto finance.
The business layout of this trust bank is quite clear:
First is the qualification to issue official stablecoins. The USD1 stablecoin plans to maintain a 1:1 peg with the US dollar, potentially becoming the first stablecoin product endorsed by a traditional political-backed trust institution.
Second is crypto asset custody services. Providing secure storage solutions for Bitcoin and other digital assets for hedge funds, trading platforms, and other professional institutions.
Furthermore, building a stablecoin exchange network. Developing professional stablecoin trading and settlement infrastructure tailored for institutional clients.
In simple terms, the Trump family is leveraging political credibility as a bargaining chip, directly targeting the stablecoin track and the core areas of crypto financial services. This is not only a business strategy but also a planned entry of traditional political power into the fintech sector.
What does the emergence of this model mean? How will regulators respond to such applications? Once approved, how might it change the current competitive landscape of the stablecoin market? Looking forward to hearing everyone’s thoughts.