Did you know that Trump together with WLFI created a STABLECOIN? 😵🔥
World Liberty Financial USD (USD1) is a stablecoin, or cryptocurrency that is designed to have a constant value, backed by the US dollar.
Features of USD1:
1:1 backing with the dollar:
USD1 is backed by high-quality assets such as US government bonds, dollar deposits, and other liquid assets.
24/7 minting and redemption:
Users can create and redeem USD1 through the World Liberty Financial (WLFI) web application.
Conservative approach:
USD1 focuses on regulatory clarity and security, avoiding complex yield generation mechanisms.
BitGo technology:
The stablecoin is backed by BitGo, a digital asset security platform widely used by financial institutions, ensuring the safety of reserves.
Launch of World Liberty Financial:
USD1 was launched by World Liberty Financial (WLFI), a decentralized finance (DeFi) company backed by Donald Trump and his family.
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