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Trump's latest crypto push: Getting into the stablecoin game

  • World Liberty Financial, a crypto venture backed by the Trump family, is entering the stablecoin market with its own token.
  • The USD1 coin, pegged to the US dollar, will be backed by short-term Treasuries, dollar deposits, and cash equivalents.
  • President Trump is known for his support of the crypto industry and has previously issued meme coins. The Trump family is reportedly in talks to buy a stake in Binance.
  • In addition, Trump Media & Technology Group announced a partnership with crypto.com for the development of exchange-traded products focused on "Made in America" assets.

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