Blockchain data suggests World Liberty Financial, linked to the Trump family, launched USD1 stablecoin on Ethereum and Binance networks without official confirmation.
Former Binance CEO warns the USD1 token is not tradeable yet, cautioning against potential scams under the same name.
Trump's 2024 campaign emphasized leveraging blockchain to strengthen the U.S. dollar, aligning with WLFI's mission to drive stablecoin adoption and ensure dollar dominance in decentralized finance.
WLFI's move to launch a stablecoin aims to add a new revenue stream and expand its influence in the cryptocurrency space.