news
Trump’s USD1 Gets Banking Upgrade as World Liberty Files For National Trust Charter
📰 sources⭐ 6.0
TL;DR:
Trump’s World Liberty Financial is taking the first step in acquiring a national bank trust charter. This is happening at a time when the company is trying to encourage the use of its USD1 stablecoin.
Key Points:
Background:
Protocol upgrades involve changes to a blockchain's underlying code to add features, improve performance, or fix security issues. Major upgrades like Ethereum's transition to Proof-of-Stake or Bitcoin's Taproot activation represent significant technical milestones in blockchain evolution.
Why It Matters:
Protocol upgrades can fundamentally change how a blockchain operates, affecting scalability, security, and functionality. These technical improvements drive long-term value and competitiveness of blockchain networks in the rapidly evolving crypto ecosystem.