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.