Trump's World Liberty Financial Announces USD1 Stablecoin with Binance Backing
World Liberty Financial, a cryptocurrency venture co-founded by Trump’s associates, announced the launch of USD1, a stablecoin pegged 1-to-1 to the U.S. dollar. The launch involves a strategic partnership with Binance and a $75 million investment from Justin Sun, raising significant concerns about potential conflicts of interest and regulatory compliance.
Key Actors
Sources (4)
- Trump's Crypto Project to Offer Dollar-Tracking Stablecoin (2025-03-25)
- Day 2: Trump's World Liberty Financial Grift Part I (2025-03-25)
- Trump-Tied Stablecoin Used for MGX's $2 Billion Binance Deal (2025-05-01)
- Trump's crypto empire set to expand with new stablecoin and investment fund offerings (2025-03-25)
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