Sheikh Tahnoon bin Zayed al Nahyan, the United Arab Emirates national security adviser known as the "spy sheikh," and his co-investors hold a 49% stake in the holding company of World Liberty Financial. The company is seeking a U.S. national trust bank charter, and the Office of the Comptroller of the Currency gave preliminary approval to its trust bank application several weeks ago. World Liberty Financial plans to offer stablecoin issuance and redemption, fiat on- and off-ramp services, and custody. Its USD1 stablecoin has reached a $4 billion market capitalization, ranking fourth among stablecoins mentioned in the report. The White House said there is no conflict of interest, while Donald Trump has previously faced repeated criticism over conflict-of-interest issues.
Sheikh Tahnoon bin Zayed al Nahyan, the United Arab Emirates national security adviser known as the "spy sheikh," and his co-investors hold a 49% stake in the holding company of World Liberty Financial, according to Odaily.
World Liberty Financial is seeking a U.S. national trust bank charter. Several weeks ago, the Office of the Comptroller of the Currency gave preliminary approval to its trust bank application.
The project plans to provide stablecoin issuance and redemption, fiat on- and off-ramp services, and custody. Its USD1 stablecoin has reached a $4 billion market capitalization, ranking fourth.
The White House said there is no conflict of interest. Trump, however, has previously faced repeated criticism over conflict-of-interest issues.
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