USD1's market cap reaches $4 billion, ranking fourth; UAE National Security Advisor and co-investors hold 49% of WLFI Holding Company

Odaily News: Sheikh Tahnoon bin Zayed al Nahyan, National Security Advisor of the UAE, also known as the "Spy Chief," along with his co-investors, holds a 49% stake in World Liberty Financial's holding company. World Liberty Financial is seeking to obtain a national trust bank license in the U.S., with the Office of the Comptroller of the Currency having already given preliminary approval to its trust bank application several weeks ago. The project plans to offer stablecoin issuance and redemption, fiat on/off ramps, and custody services. Its issued USD1 stablecoin has a market cap of $4 billion, ranking fourth. The White House responded that there is no conflict of interest, but Trump has previously faced criticism multiple times over conflicts of interest.