<ul><li>World Liberty Financial, a DeFi platform backed by Trump, launched a USD1 stablecoin on KuCoin, despite the exchange being banned in the U.S.</li><li>The move has sparked controversy as KuCoin admitted to operating as an unlicensed money-transmitting business in the U.S. before.</li><li>White House Press Secretary affirmed Trump's compliance with conflict-of-interest rules amidst the partnership with KuCoin.</li><li>Critics raise ethical and regulatory concerns over listing a politically backed stablecoin on a sanctioned exchange, while supporters see it as a strategic move to tap into high-growth markets.</li></ul>

Trump-Backed Crypto Venture Launches USD1 Stablecoin on KuCoin — A Platform Banned in the U.S.

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