#trump Family's Stablecoin Initiative
World Liberty Financial (WLF), backed by former President Donald Trump and his sons, has announced plans to launch a new stablecoin named USD1. This digital currency will be pegged 1:1 to the U.S. dollar and backed by short-term U.S. Treasuries and dollar deposits. The initiative aims to provide a secure and stable medium for cross-border transactions. Critics have raised concerns about potential conflicts of interest, given Trump's political influence and business ventures in the crypto space
