World Liberty Financial to Launch USD1 Stablecoin

altcoin chronicle

30 Mar 2025 — 1 min read

World Liberty Financial, a cryptocurrency venture established by Donald Trump and his sons, plans to launch a stablecoin called USD1. This stablecoin will be entirely backed by U.S. treasuries, dollars, and cash equivalents, aiming to provide a reliable digital asset for cross-border transactions by sovereign investors and major institutions. The USD1 token will be issued on the Ethereum network and a blockchain developed by Binance. World Liberty Financial did not provide details about the auditing firm or the launch date. This initiative comes amidst a booming stablecoin market, which totals over $237 billion, and aligns with Trump's commitment to overhaul U.S. crypto regulations.

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Study Reveals Biases in AI-Driven Medical Care

Google Unveils Ironwood, Its Latest AI Accelerator Chip

Cryptocurrency Executives Lobby Congress to Allow Stablecoins to Pay Interest

U.S. Justice Department Disbands Cryptocurrency Enforcement Unit