Banking License

Payward, the parent company of Kraken, has agreed to acquire Lithuania-based Saldo Bank for an undisclosed amount, a move that would give it a European Union banking license if regulators approve the deal. The transaction would broaden Payward’s reach from crypto trading into deposits, lending, card services and euro payments across Europe.

World Liberty Financial’s USD1 stablecoin was used to pay $250,000 in fighter performance bonuses at UFC Freedom 250 on the White House lawn. The move comes as the Trump-linked issuer expands USD1 supply and pursues a federal banking license.