#CryptoRegulation The fight against the dollar goes into the virtual world: when EURT will outpace USDT

Global financial regulators have openly spoken about the threat posed by the spread of dollar stablecoins. Experts predict explosive growth this year for coins pegged to other currencies and assets. Why the world has risen against dollar tokens, and what alternatives are actively developing, was investigated by 'Minfin'.

Tomorrow, May 14, the cryptocurrency lending platform World Liberty Financial, launched by the family of US President Donald Trump, will conclude voting on the test distribution of the new stablecoin USD1 for early holders of WLFI tokens. The platform's team explained that they are conducting this vote to verify the technical functionality of the airdrop mechanism.

The WLFI platform positions USD1 as a stablecoin backed by short-term U.S. Treasury bills, cash, and cash equivalents. The custodial service BitGo intends to control the reserves backing the USD1 stablecoin.

The USD1 token was unofficially deployed on the BNB Chain network at the beginning of March, and at the end of that same month, World Liberty Financial announced the official launch.