BREAKING: Trump-Backed Firm Launches USD1 Stablecoin

World Liberty Financial (WLFI), a company backed by Donald Trump and his family, has officially launched USD1, a new stablecoin pegged 1:1 to the US Dollar.

USD1 is issued on Ethereum and BNB Chain (formerly Binance Smart Chain).

The stablecoin is fully backed by US Treasury bills and cash equivalents.

BitGo is the custodian of the reserves.

A third-party auditor will regularly verify the reserves.

Important Note: There is no confirmed partnership between WLFI and Binance or its former CEO CZ (Changpeng Zhao). Any rumors suggesting direct collaboration have been denied by Binance’s current leadership.

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