In a surprising and exciting development in the world of cryptocurrencies, World Liberty Financial announced the launch of its new stablecoin USD1, which has direct and public support from the Trump family, giving it a strong boost in the market from the very first moments.
The currency is supported by a giant wallet containing approximately 95% of the total issuances, estimated to be worth about 2 billion dollars, which has attracted the interest of both investors and analysts.
Eric Trump has confirmed that the currency comes as part of a clear vision towards 'high transparency' in the cryptocurrency sector, noting that USD1 is currently listed on the TRON network, known for its speed and efficiency in transactions.
Notably, the market capitalization of the currency has reached 2.13 billion dollars so far, while the daily trading volume has seen a significant jump of +111.69% to reach 21.43 million dollars, indicating a clear increase in interest in it unprecedentedly.
Markets are watching, and investors are moving... USD1 could be the beginning of a new wave of cryptocurrencies linked to heavyweight names.