World Liberty is not really a bank, in the conventional sense: it won’t be lending money to businesses or individuals, issuing mortgage or credit cards, or getting federal insurance on deposits.

What it will be able to do is directly issue the Trumps’ dollar-pegged stablecoin, USD1. Stablecoins, unlike other cryptocurrencies, are pegged at fixed values such as $1, and used almost exclusively to buy and sell riskier crypto assets, like bitcoin.

Because of the way stablecoins are regulated – under a law signed by Trump in 2025 – World Liberty’s bank will not be allowed to pay its depositors, the companies and individuals who buy its stablecoins, any interest. The bank, however, can earn interest for itself by putting the cash it collects from those depositors into high-quality liquid investments – US government-backed treasury bonds.