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USD1 Stablecoin Launch: Trump-Backed Crypto Expands to Ethereum & BNB

  • Former President Donald Trump-backed World Liberty Financial (WLFI) introduces USD1, a stablecoin pegged to the U.S. dollar, on Ethereum and BNB Chain blockchains.
  • USD1's deployment on Ethereum and BNB Chain leverages the strengths of both networks, enhancing cross-chain liquidity and adoption.
  • WLFI collaborates with market maker Wintermute and crypto custodian BitGo to ensure stability, credibility, and secure storage solutions for USD1.
  • Despite its launch, USD1 is currently not tradeable as WLFI addresses regulatory compliance, emphasizing reliability and market positioning.

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