World Liberty Financial, backed by the Trump family, has unveiled its stablecoin USD1, pegged to the U.S. dollar. With major institutional backing, it aims to reshape the DeFi landscape amidst growing market competition.
The OCC has granted U.S. banks the green light to store crypto assets and engage in stablecoin operations, signaling a major shift in the regulatory landscape that could boost institutional investment in digital currencies like XRP and Ethereum.