$ETH World Liberty Financial (WLFI) — a project closely associated with the family of US President Donald Trump — has been making active headlines lately.
Two weeks ago, rumors surfaced that WLFI might acquire a stake in Binance, and together they would launch a new stablecoin. Today, part of that prediction came true with the emergence of USD1:
"WLFI announced plans to launch USD1 — a stablecoin that can be exchanged 1:1 for US dollars. USD1 from WLFI will be fully backed by short-term US Treasury obligations, dollar deposits, and other cash equivalents. Initially, USD1 tokens will be issued on the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains," stated WLFI in a press release.
Although the new WLFI stablecoin operates on BSC, the actual involvement of Binance remains in question. Yesterday, crypto analysts noticed that USD1 was released 20 days ago, and the market maker Wintermute has already started trading it.
