According to The Wall Street Journal, Sheikh Tahnoun bin Zayed Al Nahyan, the National Security Advisor of the United Arab Emirates, and his co investors hold a 49% stake in World Liberty Financial (WLFI) Holdings. WLFI is seeking to obtain a national trust banking license in the United States, and the Office of the Commissioner of the Currency has preliminarily approved the application. WLFI plans to provide stablecoin issuance, redemption, deposit and withdrawal, and custody services, with a market value of $4 billion for its USD1 stablecoin issuance. The White House responded that there is no conflict of interest.