Trump-backed WLFI plans USD1 payments for online businesses
Summary
World Liberty Financial (WLFI) and payment provider Mesh plan to let USD1 stablecoin holders spend across Mesh’s merchant network, with rollout expected this quarter. WLFI co-founder Zak Folkman said the company is also planning to bring the technology to major online businesses. USD1, issued by BitGo, has a reported market capitalization of $4.45 billion. WLFI says conditional OCC approval for a national trust bank would let it take over USD1 issuance and custody digital assets; the approval has drawn criticism from Senator Elizabeth Warren over potential conflicts involving the Trump family.
