New stablecoin USD1 from Trump's team: Key points

The family of Donald Trump has introduced a new stablecoin USD1, developed by World Liberty Financial (WLFI). This stablecoin is pegged to the US dollar and backed by liquid assets such as treasury bonds and deposits. USD1 operates on popular blockchains Ethereum and Binance Smart Chain, ensuring its high availability and low fees.

The project is aimed at large investors and financial institutions, making it an important tool for international settlements and financial operations.

The launch of USD1 occurs against the backdrop of discussions on the new GENIUS law, regulating stablecoins in the US, which may impact the development of digital currencies in the country. The launch also raises concerns among European regulators, who fear the impact of stablecoins on financial stability.

USD1 may become an important player among stablecoins, competing with coins like Tether (USDT) and USD Coin (USDC), and potentially affecting the future of the global financial system.

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