World Liberty Financial, a Trump family-backed crypto company, dropped $47 worth of USD1 Stablecoin on each wallet that took part in the WLFI token sale.
The move is locked in the US dollar and supported by Treasury and Fiat reserves, USD1 will expand across the blockchain as a result of ChainLink’s CCIP integration.
Although USD1 has a market capitalization of $200 million, it is still small compared to Tether’s USDT or Circle’s USDC, it is noteworthy given the Trump connection and token use in MGX’s $2 billion investment in Binance.
The $47 payment is unlikely to be a life-changing amount for token holders, but it was enough to attract holders around X’s project and bump social chats.
So, the move will be equipped with world Liberty Financial equipment to launch its own crypto wallet in the coming months, as reported on Tuesday.
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