PANews reported on January 16th, citing Bloomberg, that World Liberty Financial, the Trump family's crypto project, is seeking a banking license, with its new entity, "World Liberty Trust Co.", submitting its application on January 5th. According to the application documents, the current position of Chief Financial Officer is "pending," but sources indicate plans to fill the role soon. If approved, the license would allow World Liberty Trust Co. to perform banking functions in specific ways, including asset protection, as part of the company's goal to promote the "mainstream adoption" of its USD-denominated stablecoin, USD1.