Stablecoin

Litecoin

World

Liberty

World Liberty Financial, a decentralized finance platform tied to the Trump family, has launched its USD1 stablecoin on BNB Chain.&nbsp; 
Blockchain analytics firm LookOnChain <a rel="nofollow" href="https://x.com/lookonchain/status/1904211907630006619" target="_blank">identified</a> the deployment, noting interactions between the contract and a wallet linked to crypto market maker <a href="https://crypto.news/wintermute-aims-to-offer-crypto-products-in-the-u-s/">Wintermute</a>, suggesting test transfers. 
The stablecoin contract was deployed approximately 20 days ago, <a rel="nofollow" href="https://x.com/cz_binance/status/1904206000456077411" target="_blank">according</a> to Binance founder Changpeng Zhao. However, there has been no official statement from WLFI or the Trump family regarding the launch.&nbsp; 
The USD1 contract is publicly visible on BNB (<a href="https://crypto.news/price/bnb/" target="_blank">BNB</a>) Chain’s blockchain explorer. 
A <a href="https://crypto.news/tag/stablecoin/">stablecoin</a> is a type of crypto designed to maintain a stable value, often pegged to a traditional currency like the U.S. dollar. Unlike other crypto, which can fluctuate in price, stablecoins are consistent, making them useful for payments and trading.&nbsp; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 https://twitter.com/cz_binance/status/1904206000456077411 
 </div>
</figure> 
By launching USD1, WLFI appears to be entering the competitive space of dollar-backed digital assets. Stablecoin legislation is a <a href="https://crypto.news/white-house-pressuring-congress-to-fast-track-genius-act-report/">hot-topic issue</a> right now in the crypto space.&nbsp; 
WLFI has positioned itself as a platform aiming to promote U.S. <a href="https://crypto.news/us-leadership-in-crypto-the-focus-is-on-stablecoins/" target="_blank">dollar-backed stablecoins</a> in the crypto space. The launch of USD1 adds to the growing ecosystem of stablecoins on BNB Chain, as WLFI continues expanding its presence in the DeFi sector. 
 You might also like: <a href="https://crypto.news/telegram-crypto-wallet-adds-litecoin-support-for-all-non-u-s-users/"> Telegram crypto wallet adds Litecoin support for all non-U.S. users </a>

Trump-linked WLFI reportedly launches USD1 stablecoin on BNB Chain

crypto.news

Outros artigos publicados em 24 de mar. de 2025

What is Axie Infinity, AXS and SLP? Full Guide

Low-Cap to Moonshot: 4 Top Meme Coins to Buy for 2025 That Could See Explosive Growth

Metaplanet Adds 150 BTC

Best Cryptos For Beginners? BTFD Coin’s 2X LAUNCH100 Bonus Ends March 30—Flip $8K Into $480K Befo...

World Liberty Financial Makes Bold Moves Despite Significant Losses

Altcoin Relief Rally Nears as Bitcoin Dominance Slips

Receba nossa newsletter para saber diariamente as novidades das criptomoedas!