Weekly routine of swapping the USD1 interest I earned from Wlfi, and suddenly realized I got way more today than before. Did a quick search and found out that @worldlibertyfi just dropped some major good news—they secured a U.S. banking license! This is the first time in U.S. history that a company with significant ownership by the current president's family has been granted a national banking license by the OCC. Trump just scored another unprecedented achievement. Checked out the main business scope of this banking license: Once approved, they can directly issue and manage the USD-pegged stablecoin USD1, take over issuance, redemption, and custody services previously handled by BitGo, and provide digital asset custody services to institutional clients. When customers exchange USD for stablecoins, the related fees/profits will flow into the company’s equity structure. But there are restrictions—it’s a trust bank, so it can’t take federally insured deposits or engage in traditional lending. It’s limited to trust and stablecoin-related functions. Either way, this is great news for those of us earning passive interest. At least the high-yield activities for USD1 might last longer and bring even higher returns. This is the kind of treatment we couldn’t even imagine during previous bear markets