🚨 The USD called USD1 - A Personal Bank Future
Exclusive ⚙️
The Office of the Comptroller of the Currency (OCC) granted approval for the Trump family’s company, World Liberty Financial, to operate a federal trust bank. This will issue and custody its own dollar-backed stablecoin called USD1
What this will do for a crypto bank for and by the Trump family:
In short, the bank is approved conditionally. The Office of the Comptroller of the Currency (OCC) granted preliminary approval conditioned on mid-August 2026.
So the company is in the technical phase of meeting the mandatory requirements (such as raising $20 million in initial capital and setting up its internal structure) before it can open its doors and operate officially.
By having its own federal bank, the Trump company assumes absolute control over the issuance, redemption, and management of USD1 reserves. What’s interesting is that this is a key change: previously, an external company (BitGo) issued the token and held the physical money.
How it will generate profits: Each time someone buys USD1, the Trump bank takes those physical dollars and invests them in short-term U.S. Treasury Bonds that generate daily interest in net yield. The bank keeps those million-dollar profits while the user only retains the digital token.
#usd1 #OCC
$ZKC $HEMI $SOL
Exclusive ⚙️
The Office of the Comptroller of the Currency (OCC) granted approval for the Trump family’s company, World Liberty Financial, to operate a federal trust bank. This will issue and custody its own dollar-backed stablecoin called USD1
What this will do for a crypto bank for and by the Trump family:
In short, the bank is approved conditionally. The Office of the Comptroller of the Currency (OCC) granted preliminary approval conditioned on mid-August 2026.
So the company is in the technical phase of meeting the mandatory requirements (such as raising $20 million in initial capital and setting up its internal structure) before it can open its doors and operate officially.
By having its own federal bank, the Trump company assumes absolute control over the issuance, redemption, and management of USD1 reserves. What’s interesting is that this is a key change: previously, an external company (BitGo) issued the token and held the physical money.
How it will generate profits: Each time someone buys USD1, the Trump bank takes those physical dollars and invests them in short-term U.S. Treasury Bonds that generate daily interest in net yield. The bank keeps those million-dollar profits while the user only retains the digital token.
#usd1 #OCC
$ZKC $HEMI $SOL
