<ul><li>World Liberty Financial (WLF), closely associated with Donald Trump, has introduced USD1, a new stablecoin pegged to the US Dollar.</li><li>The stablecoin will initially launch on Ethereum and Binance Smart Chain, with each token maintaining a $1 value through a third-party audited reserve portfolio.</li><li>BitGo will manage the coin’s custody, leveraging their experience with projects like Wrapped Bitcoin (WBTC) in collaboration with Justin Sun and BiT Global.</li><li>The launch has raised questions about potential insider knowledge, with Binance founder Changpeng Zhao previously highlighting a similarly named contract, and the project’s governance forums showing no prior discussion or activity.</li></ul>

Trump-Tied Firm Launches USD1 Stablecoin, Raises Questions About Intentions

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