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World Liberty Financial of Trump to Introduce USD1 Stablecoin Backed by U.S. Treasuries

  • World Liberty Financial (WLF) plans to introduce USD1, a stablecoin backed by U.S. Treasuries linked to the U.S. dollar.
  • WLF funded the initiative by selling its $WLFI token, raising over $550 million.
  • USD1 faces competition from existing stablecoins like Tether (USDT) and USD Coin (USDC).
  • USD1 aims to offer a safe and convenient option for cross-border transactions and is set to launch on Ethereum and Binance Smart Chain (BSC) networks.

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