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The President of the United States, Donald Trump, announced this Tuesday the launch of his stablecoin USD1 through his cryptocurrency project World Liberty Financial. The news comes in the context of several measures taken by the Republican leader, such as the recent executive order to create a strategic reserve of bitcoin and the emergence in the market of $TRUMP and $MELANIA.

Under the idea of providing "real stability," the cryptocurrency will be backed by dollars and will be custodied by BitGo, a digital asset security and trust company, as communicated by World Liberty Financial through X. However, the firm warned that USD1 is not yet negotiable.

At the same time, USD1 takes on special relevance with the progress on the Genius law, a project that seeks to create a clear regulatory framework for companies that issue stablecoins to operate safely and transparently. The regulation was approved by the Senate Banking Committee on March 13, and despite still needing approval from the House of Representatives, Bo Hines, executive director of Trump’s Advisory Council on Digital Assets, anticipates that Genius will be signed by the Republican leader in June.