A New Bank for Digital Money?

A company tied to the Trump family has big plans. World Liberty Financial wants to start a new kind of bank. This bank would deal with digital money, like stablecoins. They have asked the U. S. government for permission to do this. Stablecoins are digital money tied to real-world currencies. They are designed to be stable, unlike other cryptocurrencies that can change in value quickly. World Liberty Financial already has a stablecoin called USD1. It has been around for a year and is worth over $3. 3 billion. The new bank would help manage and store digital assets. It would also let people swap U. S. dollars for USD1 without any fees. This could make it easier for people to use digital money in everyday life.Other companies have already tried this. Anchorage Digital is one of them. They have a similar bank that deals with digital assets. The U. S. government is starting to pay more attention to these kinds of banks. They want to make sure everything is safe and follows the rules. World Liberty Financial says their bank will follow new laws about stablecoins. These laws were just passed to make sure digital money is safe and secure. The government has not said yes or no to the plan yet. This is a big step for digital money. It shows that more companies want to be part of the banking system. It also shows that the government is starting to accept digital money as a real part of finance.