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Donald Trump-Backed WLFI Launches USD1 Stablecoin on Ethereum and Binance’s BNB Chain

  • World Liberty Financial (WLFI) has launched a stablecoin called USD1, pegged to the US dollar, on both Ethereum and Binance's BNB blockchains.
  • The launch of USD1 stablecoin on the BNB Chain came after reports of talks between the Trump family and Binance, but Changpeng 'CZ' Zhao denied any discussions about a business deal or presidential pardon.
  • The US Congress is evaluating the GENIUS Act, which may have implications for stablecoins like USD1 to integrate into the financial system.
  • WLFI has raised $550 million through two successful public token sales, and the venture remains secretive.

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