Trump's cryptocurrency initiative World Liberty Financial has announced that it will launch its own stable cryptocurrency pegged to the dollar called USD1.
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Introduction
News continues to come from the cryptocurrency sector regarding US President Donald Trump. US President Donald Trump has a cryptocurrency initiative called World Liberty Financial. This initiative announced that it will launch a stable cryptocurrency pegged to the dollar called USD1.
World Liberty Financial was founded in 2024. It is a decentralized finance protocol. Donald Trump has the company title as the visionary of DeFi (decentralized finance) in this company. WLF allows investors to invest in cryptocurrencies and use these cryptocurrency assets for both borrowing and lending.
WLF and the Cryptocurrency Industry
The most important buyer of World Liberty Financial tokens is Justin Sun, the architect of the Tron (TRX) network. It is reported that he spent at least $75 million in WLF. Sun is also an advisor to World Liberty Financial.
In its statement about the stablecoin to be issued, WLF stated that the stablecoin, which will be backed by US Treasury bonds, dollars and other cash-equivalent assets, will be on Ethereum and Binance Smart Chain Blockchains. It also stated that different Blockchain protocols will be used in the future. The company said that the digital asset, which will be pegged to $1, is "fully supported by a reserve portfolio that is regularly audited by a third party accounting firm."
Conclusion
The cryptocurrency sector continues to develop and gain adoption. It is stated that the stablecoin USD1 to be issued by World Liberty Financial can be used by investors in international payments. This and similar news should be the most important evidence of how important a role stablecoins play in the cryptocurrency ecosystem.
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