A stablecoin project backed by prominent US political figures is making a major push to legitimize digital assets through traditional banking infrastructure. The initiative aims to secure a full-fledged US bank charter, enabling the launch of a native USD-pegged stablecoin with complete onshore compliance. This move signals a strategic pivot toward regulatory acceptance, essentially seeking to bridge the gap between decentralized finance and the traditional banking system. The charter application reflects growing appetite from major players to operate stablecoins under conventional banking oversight rather than remaining in regulatory gray zones. If approved, this would mark a significant milestone in bringing cryptocurrency-native financial instruments into the regulated mainstream—a development that could reshape how stablecoins are issued and managed in the US market.