According to BlockBeats, on May 5, Reuters cited Arkham data stating that a single wallet holds USD1 worth 2 billion dollars, and it has been reported that the identity of the wallet's holder cannot be confirmed to date.
Previously, U.S. Democratic Senator Elizabeth Warren stated that Trump's push for stablecoin development raises potential conflicts of interest. It is reported that USD1 is a stablecoin launched by Trump's family crypto project WLFI, backed by U.S. Treasury bonds, U.S. dollars, and other cash equivalents. The current issuance value has reached approximately 2.1 billion dollars, but the identity of its main holders remains unclear.
Trump's son Eric Trump announced that USD1 has been officially selected as the stablecoin for Abu Dhabi investment firm MGX to complete its 2 billion dollar investment in Binance.
