<ul><li>Decentralized finance company World Liberty Financial (WLFI), backed by the Trump family, is launching USD1, a stablecoin redeemable 1:1 for the U.S. dollar.</li><li>USD1 is backed by short-term U.S. government treasuries, U.S. dollar deposits, and other cash equivalents.</li><li>The stablecoin aims to provide access to the power of DeFi while maintaining credibility and safeguards of traditional finance.</li><li>USD1 reserves will be held in custody by BitGo, and the coins will be minted on the Ethereum and Binance Smart Chain blockchains.</li></ul>

Trump Deepens Crypto-World Involvement With Stablecoin Launch

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