Why is Donald Trump’s World Liberty Financial (WLFI) is applying for a banking license right now?

Why is Donald Trump’s World Liberty Financial (WLFI) is applying for a banking license right now?

On Jan. 7, Donald Trump’s World Liberty Financial (WLFI) formally applied for a national banking charter to establish the “World Liberty Trust Company.” This is a proposed national trust bank specifically designed to handle USD1 stablecoin issuance, custody, redemption, and reserve management. USD1 is WLFI’s flagship product…
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