💰 USD1: Stablecoin Backed by US Treasury Bonds – New Competitor to USDT & USDC 🚀
📈 USD1 is a newly launched stablecoin from World Liberty Financial (WLFI) – a cryptocurrency project linked to the family of former President Donald Trump. This token is backed 1:1 by short-term US Treasury bonds and cash-equivalent assets, aimed at maintaining stable and transparent value. (vn.beincrypto.com)
🔐 BitGo – the digital asset custody service provider – will be responsible for managing USD1's reserves, ensuring safety and regulatory compliance.
🌐 USD1 is currently available on the Ethereum and BNB Chain blockchains, with plans to expand to other platforms in the future.
⚠️ Note: Before the official launch, there have been some counterfeit USD1 projects appearing on networks like Solana, Ethereum, and BNB Chain. WLFI has warned the community about these counterfeit tokens and recommends users only trade with the official smart contract of USD1.
📊 Current Price: USD1 is trading at $0.9986, with a narrow fluctuation range, reflecting the stability of a stablecoin.
🔮 Outlook: With support from WLFI and a commitment to transparency, USD1 is attracting interest from investors and financial institutions, particularly in the fields of DeFi and cross-border payments.