Donald Trump's World Liberty Financial has launched USD1, a dollar-pegged stablecoin, which is being utilized by Abu Dhabi investment firm MGX for its $2bn investment in Binance. This development showcases World Liberty's expanding influence in the cryptocurrency industry. USD1 aims to provide users access to financial services without traditional intermediaries. The current circulation of USD1 stands at approximately $2.1bn, marking it as one of the fastest-growing stablecoins. However, there is a lack of clarity regarding the major holders of USD1, raising concerns about transparency.
USD1 has been selected as the official stablecoin to close MGX's $2bn investment in Binance, highlighting World Liberty's growing clout in the global crypto industry.
The value of USD1 in circulation reached about $2.1bn, making it one of the fastest-growing stablecoins, showcasing the lucrative nature of stablecoins.
Stablecoins are an increasingly lucrative cog in global crypto trading, allowing issuers to earn interest from the assets backing them.
The identity of major USD1 holders remains unclear, raising questions about the transparency and security in the cryptocurrency marketplace.
Collection
[
|
...
]