Reasons to trust
Strict editing policy focusing on accuracy, relevance and fairness
Created by industry experts and meticulously reviewed
The highest standard for reporting and publishing
Strict editing policy focusing on accuracy, relevance and fairness
The soccer price for the Lion and Player is soft. I hate each of the arcu lorem, ultricy kids, or ullamcorper football.
This article is also available in Spanish.
According to a recent report, President Donald Trump’s Crypto Venture has announced the Decentralized Financial (DEFI) Platform World Liberty Financial (WLFI) has announced a new Stablecoin called USD1.
The token is fixed in US dollars, but currently lives on the Ethereum (ETH) and Binance blockchain, but the launch has not been officially announced on Monday, March 24th.
World Liberty Financial launches a new Stablecoin
The news comes from a Report From Fortune, which highlights the president’s growing crypto portfolio, he is now serving his second term in the White House’s oval office.
On social media, Changpeng Zhao, former CEO of Binance, shared a link to USD1 tokens with 10 million followers on X, urging the world’s Liberty Financial to implicitly confirm its legitimacy. However, the company is now warning that USD1 is not tradeable and warns users to be vigilant against potential scams.
Related readings
stablecoins USD1 and others have become increasingly prominent in the Crypto market, with significant traction in the US Congress, and lawmakers have introduced several bills to further support the sector.
Major players such as Tether, the publisher of USDT, the world’s largest Stablecoin, reported $13 billion in profits for 2024, but Circle, behind USDC, is planning to go public.
These companies will back stub coins with our Treasury Department and allow them to earn important income I’ll surrender,This has proven advantageous given the relatively low operating costs compared to traditional companies.
Ethical concerns arise
The World Liberty Financial, announced in August, is part of Trump’s broader foray into the world of cryptocurrency, Impossible tokens Trump is a memokine named after the (NFTS) and the president.
The project is positioned within the decentralized financial sector, with the aim of replicating traditional banking services, such as lending and borrowing on blockchain platforms. However, details about the specific products of the project remain vague and little information is available on the website.
The project’s “Gold Paper” outlines the ambition to create a comprehensive hub for a variety of Defi applications, including decentralized lending platforms and crypto exchanges. Trump himself holds the title of “Chief Crypto Advocate” for the World Liberty Financial, highlighting his involvement in the initiative.
Related readings
The project is a show of investors’ confidence, and the project is recently announcement It raised $550 million for token sales, attracting attention from a variety of stakeholders, including Trump’s family and loyalists.
Baron, Eric and Donald Jr. are designated “Web3 Ambassadors” for World Liberty Financial, but real estate tycoon Steve Witkoff and his son are listed as co-founders along with defi developers Zack Folkman and Chase Hero, who previously faced challenges on the project.
Despite the enthusiasm surrounding the project, it raised ethical concerns among experts, particularly regarding the potential for influence peddling.
Critics have pointed to cases where Justin Sun has made public $75 million worth of global freedom financial tokens, suggesting that such activity could blur the line. Regulatory compliance.
At the time of writing, Trump Memecoin is trading at $11.58, down 30% in the monthly time frame, and 84% down from its current record high of $73.43, reaching the same day its debut on January 19th.
Dall-E featured images, charts on tradingView.com
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
