#ILOVE$TRUMP

President of the United States Donald Trump announced on Tuesday the launch of his stablecoin USD1 through his cryptocurrency project World Liberty Financial. This news comes against the backdrop of a series of measures taken by the Republican leader, such as the recent executive order to create a strategic reserve of bitcoins and the incursion into the $TRUMP and $MELANIA markets.

Under the idea of ensuring "real stability," the cryptocurrency will be backed by dollars and will be held by BitGo, a company specializing in the security and trust management of digital assets, as reported by World Liberty Financial via X. However, the company warned that USD1 is not yet available for trading.

At the same time, USD1 gains particular significance with the promotion of the Genius Act, a project aimed at creating a clear regulatory framework for the safe and transparent operation of companies issuing stablecoins. The regulatory measure was approved by the Senate Banking Committee on March 13, and although it still needs to gain approval from the House of Representatives, Bo Hines, CEO of the Trump Advisory Council on Digital Assets, predicts that Genius will be signed by the Republican leader in June.