Hello everyone, I am the champion, and today I am here to give you an in-depth analysis of the major announcement from World Liberty Financial, the fund supported by the Trump family—launching the stablecoin USD1.
This is not an ordinary coin launch; USD1, as a stablecoin, can be exchanged 1:1 for dollars and is backed by real dollars, short-term US Treasury bonds, and dollar deposits, which is quite eye-catching.
Why is Trump launching a coin?
Since Trump took office, he has shown a keen interest in the cryptocurrency space, especially stablecoins and digital currencies. Previously, the Trump family launched the Trump coin, which skyrocketed 400 times after its listing, allowing some to profit immensely, but the price eventually fell back, leading many to suffer losses. Nonetheless, Trump continues to make moves for three reasons:
Building an independent monetary system: Trump has always wanted to break free from the control of the Federal Reserve, and cryptocurrency provides him with that possibility. By issuing the stablecoin USD1, he can gain a certain degree of monetary discourse power independent of the dollar system. The borderless nature of digital currency is extremely attractive to ambitious leaders.
Giving back to supporters: With the launch of the stablecoin USD1, Trump is providing his supporters with a sense of 'victory.' This creates a new wealth transfer channel for him in the cryptocurrency market, where those who previously supported him may see their earnings flow back into projects he supports.
Creating a dollar alternative: USD1, as a stablecoin, is pegged to the dollar at a 1:1 ratio and has 'hedging' properties. In the current turbulent environment of the cryptocurrency market, Trump's move aims to create a safe harbor for his and his supporters' funds.
USD1 is currently not open for trading, and there are only some presale opportunities on the BSC smart chain and ETH e-commerce area. In the short term, there may be many traps for exploitation in the market, so everyone must remain vigilant and not rush to invest.
This move by Trump is an attempt to carve out a new wealth pathway for himself and his supporters, while also gradually engaging with and controlling the 'lifeblood' of cryptocurrency. However, whether it will succeed still requires everyone's vigilance and judgment; we cannot foresee the changes in the market, and any surge may potentially be a precursor to a crash.
For newcomers to the cryptocurrency market, having a solid foundation and managing risk is the most important thing. If you are interested in this market, follow me, and let's stay at the forefront of the cryptocurrency world together, navigating digital assets!
Do you think Trump is trying to exploit the market, or has he opened a new wealth code? Feel free to discuss in the comments, and let's analyze together!