A recent noteworthy development: a new entity under World Liberty Financial, World Liberty Trust Co., submitted a banking license application on January 5th. According to the application materials, the company's CFO position is still being filled.



What does this mean? Once approved, World Liberty Trust Co. will be able to operate in a formal manner—legally conducting asset custody, clearing, and other related businesses. More importantly, this gives them an opportunity to promote USD1, a US dollar stablecoin, towards mainstream adoption.

It's important to note that competition in the stablecoin sector has become increasingly fierce over the past two years, with various players vying for compliance under banking regulatory frameworks. If this step is successful, it could serve as a demonstration effect for the entire ecosystem.
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LiquidityLarryvip
· 01-19 00:18
Bank license approval really needs to be granted; claiming a demonstration effect now is a bit premature. In the game of stablecoins, who will ultimately come out on top is still uncertain. It's another project trying to exit the market; approval needs to be carefully scrutinized. Whether USD1 can be maintained depends mainly on whether users buy into it. This tactic feels like it's been used many times before.
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TokenUnlockervip
· 01-16 16:51
Bank license? Is it real? Can it succeed this time... after all the fuss earlier --- USD1 is about to go live, the stablecoin sector is becoming more and more regulated --- Compliance identity race, whoever gets it first wins half the battle --- Wait, the CFO is still hiring? Is this serious? --- The ecological demonstration effect sounds good, but I have my doubts about how much can actually be implemented --- It's the same old banking approach... Web3 is really about to be tamed --- This move was well played, at least better than reckless growth --- The stablecoin race has become so intense, regulation is inevitable sooner or later
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LiquidatedNotStirredvip
· 01-16 10:26
Getting a banking license is easier to talk about than to actually obtain. Wait, is the CFO still hiring? Are they submitting materials so soon? It's good to see someone finally trying to take the right path with stablecoins, but whether USD1 can be successfully launched depends on what happens next.
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All-InQueenvip
· 01-16 00:50
If the banking license is truly approved, the game of stablecoins will change completely. Another player hoping to get a compliant license—whether optimistic or not, that's how it is. Whether USD1 can succeed still depends on execution; a good application doesn't guarantee success. These people always think they can turn things around by relying on regulatory status, but it still feels too naive. Compliance is indeed valuable, but it's not a silver bullet, brother.
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DegenApeSurfervip
· 01-16 00:49
Bro, if this really gets approved… the game of stablecoins will truly be reshuffled. --- USD1 follows a compliant route? Basically, it’s about vying for dominance. Don’t be fooled by the fierce competition now; there are only a few with official banking licenses backing them. --- Is the CFO still hiring? This lineup feels a bit rushed, but being able to submit an application shows they have enough confidence. --- Having a compliant identity is the key; only when you have it in hand can you truly be confident. Anything else is just talk. --- The entire ecosystem’s demonstration effect… Are you saying it will trigger a wave of stablecoin compliance? It seems promising.
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DegenDreamervip
· 01-16 00:47
USD1's application this time is really a big move, the stablecoin track is getting intensely competitive. Wait, the CFO hasn't even arrived yet? And you're already submitting the application? It seems that regulation is really coming, and only a compliant identity is the hard currency. World Liberty's move is a bit aggressive... If approved, others will have to queue up to follow. With such fierce competition in stablecoins, whoever gets the bank license first will win half the market share.
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MagicBeanvip
· 01-16 00:43
Once the banking license is approved, the rules of the stablecoin game will change completely. Getting the license is the real ticket to entry; compliance is directly maximized. The CFO hasn't been decided yet... this pace is a bit slow. If USD1 really becomes the mainstream stablecoin, then a bunch of projects will have to follow suit and apply. Basically, it's like playing chess—seeing who can figure out the regulatory hurdle first. Projects operating under a regulatory framework are indeed more reassuring than those growing wildly. Interesting, if this move succeeds, it could truly drive the entire ecosystem upgrade.
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AirdropSweaterFanvip
· 01-16 00:33
Oh no, this time there's really something going on. The mainstream team has entered the scene, I feel. --- USD1 heading towards the mainstream? Let's wait until they get the approval first, haha. --- The stablecoin sector is fiercely competitive. Let's see who gets the compliant status first. --- World Liberty is really playing chess. I believe in this move. --- Legal asset custody... finally someone remembers to be compliant. --- Demonstration effect? Once the trend followers come, it will be a lot. --- Getting a banking license is the key. Applying now isn't a big deal.
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