Trump Family-Linked World Liberty Financial Officially Launches USD1 Stablecoin

BE[IN]CRYPTO03-26

WLFI launched USD1, a stablecoin aimed at promoting dollar dominance, backed by short-term US treasuries and cash equivalents.Despite rumors, WLFI has not confirmed any partnership with Binance, even ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

ZhongRenChun
03-27
ZhongRenChun
So USD1 is public or privately controlled? UsD1 will be part of federal reserve or compete against the fed? The printing of USD1 will be done by manually by WLF, or autonomous AI algorithm?

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2522753885?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-26 11:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2522753885","market":"us","top_or_hot":-1,"title":"Trump Family-Linked World Liberty Financial Officially Launches USD1 Stablecoin","media":"BE[IN]CRYPTO","content":"<div>\n<p>WLFI launched USD1, a stablecoin aimed at promoting dollar dominance, backed by short-term US treasuries and cash equivalents.Despite rumors, WLFI has not confirmed any partnership with Binance, even ...</p>\n\n<a href=\"https://beincrypto.com/world-liberty-financial-launches-usd1-stablecoin/\">Source Link</a>\n\n</div>\n","source":"beincrypto_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Family-Linked World Liberty Financial Officially Launches USD1 Stablecoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Family-Linked World Liberty Financial Officially Launches USD1 Stablecoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-26 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/world-liberty-financial-launches-usd1-stablecoin/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WLFI launched USD1, a stablecoin aimed at promoting dollar dominance, backed by short-term US treasuries and cash equivalents.Despite rumors, WLFI has not confirmed any partnership with Binance, even ...</p>\n\n<a href=\"https://beincrypto.com/world-liberty-financial-launches-usd1-stablecoin/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RIOT","symbol_name":"Riot Platforms","start_time":0,"source_url":"https://beincrypto.com/world-liberty-financial-launches-usd1-stablecoin/","article_id":"2522753885","we_media_id":null,"thumbnails":[],"rights":{"source":"beincrypto_highlight","url":"https://beincrypto.com/world-liberty-financial-launches-usd1-stablecoin/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2522753885","pubTimestamp":1742960579,"columns":[],"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"WLFI launched USD1, a stablecoin aimed at promoting dollar dominance, backed by short-term US treasuries and cash equivalents.Despite rumors, WLFI has not confirmed any partnership with Binance, even ","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RIOT":"Riot Platforms","BTBT":"Bit Digital, Inc.","EBON":"亿邦国际","CAN":"嘉楠科技","COIN":"Coinbase Global, Inc.","CLSK":"CleanSpark, Inc.","SOS":"SOS Limited","MSTR":"Strategy","MARA":"MARA Holdings","BTM":"Bitcoin Depot Inc.","GBTC":"比特币ETF-Grayscale","BITO":"比特币期货ETF-ProShares","NCTY":"第九城市"},"translate_title":"特朗普家族关联的World Liberty Financial正式推出USD1稳定币","themeId":"b3a13b4383fa024c7d2cbe84e2b57124","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOS":1.1,"NCTY":1.1,"GBTC":1.1,"EBON":1.1,"COIN":1.1,"MSTR":1.1,"BTCM":1.1,"CAN":1.1,"MARA":1.1,"RIOT":1.1,"BITO":1.1,"BTM":1.1,"CLSK":1.1,"BTBT":1.1},"content_text":"WLFI launched USD1, a stablecoin aimed at promoting dollar dominance, backed by short-term US treasuries and cash equivalents.Despite rumors, WLFI has not confirmed any partnership with Binance, even though CZ teased involvement on social media.WLFI's reserves reportedly contain over $111 million in unrealized crypto losses, raising concerns about the stablecoin's reliability and potential risks.World Liberty Financial officially acknowledged its USD1 stablecoin today following a community discovery yesterday. The project is presumably attempting to leverage Trump’s “stablecoin dollar dominance” plan and capture the US market share.However, WLFI claimed its stablecoin reserves would contain other cash equivalents, but its token holdings currently contain over $111 million in unrealized losses.World Liberty Financial Enters the Stablecoin MarketWorld Liberty Financial (WLFI), a token project heavily affiliated with the Trump family, has been making some serious moves lately.Two weeks ago, there were serious allegations that WLFI would buy stake in Binance and the two would launch a new stablecoin. Today, at least some of that prediction has come true with USD1:“WLFI today announced its plans to launch USD1, a stablecoin redeemable 1:1 for the US dollar. WLFI’s USD1 will be 100% backed by short-term US government treasuries, US dollar deposits, and other cash equivalents. Initially, USD1 tokens will be minted on the Ethereum $(ETH)$ and Binance Smart Chain $(BSC.UK)$ blockchains,” WLFI’s press release read.Although WLFI’s new stablecoin is native to BSC, Binance’s actual involvement remains unclear. Yesterday, crypto sleuths noticed that USD1 had been minted 20 days prior and that market maker Wintermute traded with it.Changpeng “CZ” Zhao, former CEO of Binance, possibly demonstrated insider knowledge of the project, but it was unclear.Today, however, CZ has teased his involvement again. He replied to WLFI stablecoin announcements with an eyes emoji, suggesting interest in the project without committing to anything actionable.WLFI, for its part, has not commented further on a possible Binance partnership, and its token reserves are being custodied with BitGo.On one hand, this could be a big opportunity for crypto. Trump recently announced that stablecoins will play a pivotal role in promoting dollar dominance worldwide, and WLFI could take part in that initiative.Tether may also be part of the bigger “stablecoin dollar dominance” plan, but WLFI is beating it to the punch.“USD1 provides…access to the power of DeFi underpinned by the credibility and safeguards of the most respected names in traditional finance. We’re offering a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies,” claimed Steve Witkoff, WLFI co-founder and Trump’s diplomatic envoy.Overall, the Trump family has been involved in several crypto projects lately. Just yesterday, Trump Media announced a partnership with Crypto.com, with plans to launch several ETFs.In its statement, WLFI claimed that its stablecoin reserves will include “other cash equivalents” with no further elaboration. The firm claimed that it will allow third-party accounting firms to make regular audits, much like Tether has, no actual audit has happened in either case.Although WLFI completed its token sale, its portfolio contains over $111 million in unrealized losses from other crypto investments. The firm is a prolific investor in various token projects; will it use these assets to build USD1’s reserves? These questions remain unanswered in the launch announcement.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":417826873053208,"gmtCreate":1743007680396,"gmtModify":1743007684344,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/626c9b2d6a6580aa7acb2f7bf1552413","vip":1,"hat":"https://static.tigerbbs.com/2b6219675842600ebb42baa43c645832","crmLevel":11,"crmLevelSwitch":1,"authorIdStr":"4142648172044492","idStr":"4142648172044492"},"htmlText":"So USD1 is public or privately controlled?&nbsp; UsD1 will be part of federal reserve or compete against the fed?&nbsp; The printing of USD1 will be done by manually&nbsp; by WLF,&nbsp;or autonomous AI algorithm?","listText":"So USD1 is public or privately controlled?&nbsp; UsD1 will be part of federal reserve or compete against the fed?&nbsp; The printing of USD1 will be done by manually&nbsp; by WLF,&nbsp;or autonomous AI algorithm?","text":"So USD1 is public or privately controlled? UsD1 will be part of federal reserve or compete against the fed? The printing of USD1 will be done by manually by WLF, or autonomous AI algorithm?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/417826873053208","repostId":2522753885,"repostType":4,"repost":{"id":"2522753885","kind":"highlight","pubTimestamp":1742960579,"share":"https://ttm.financial/m/news/2522753885?lang=en_US&edition=fundamental","pubTime":"2025-03-26 11:42","market":"us","language":"en","title":"Trump Family-Linked World Liberty Financial Officially Launches USD1 Stablecoin","url":"https://stock-news.laohu8.com/highlight/detail?id=2522753885","media":"BE[IN]CRYPTO","summary":"WLFI launched USD1, a stablecoin aimed at promoting dollar dominance, backed by short-term US treasuries and cash equivalents.Despite rumors, WLFI has not confirmed any partnership with Binance, even ","content":"<div>\n<p>WLFI launched USD1, a stablecoin aimed at promoting dollar dominance, backed by short-term US treasuries and cash equivalents.Despite rumors, WLFI has not confirmed any partnership with Binance, even ...</p>\n\n<a href=\"https://beincrypto.com/world-liberty-financial-launches-usd1-stablecoin/\">Source Link</a>\n\n</div>\n","source":"beincrypto_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Family-Linked World Liberty Financial Officially Launches USD1 Stablecoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Family-Linked World Liberty Financial Officially Launches USD1 Stablecoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-26 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/world-liberty-financial-launches-usd1-stablecoin/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WLFI launched USD1, a stablecoin aimed at promoting dollar dominance, backed by short-term US treasuries and cash equivalents.Despite rumors, WLFI has not confirmed any partnership with Binance, even ...</p>\n\n<a href=\"https://beincrypto.com/world-liberty-financial-launches-usd1-stablecoin/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIOT":"Riot Platforms","BTBT":"Bit Digital, Inc.","EBON":"亿邦国际","CAN":"嘉楠科技","COIN":"Coinbase Global, Inc.","CLSK":"CleanSpark, Inc.","SOS":"SOS Limited","MSTR":"Strategy","MARA":"MARA Holdings","BTM":"Bitcoin Depot Inc.","GBTC":"比特币ETF-Grayscale","BITO":"比特币期货ETF-ProShares","NCTY":"第九城市"},"source_url":"https://beincrypto.com/world-liberty-financial-launches-usd1-stablecoin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2522753885","content_text":"WLFI launched USD1, a stablecoin aimed at promoting dollar dominance, backed by short-term US treasuries and cash equivalents.Despite rumors, WLFI has not confirmed any partnership with Binance, even though CZ teased involvement on social media.WLFI's reserves reportedly contain over $111 million in unrealized crypto losses, raising concerns about the stablecoin's reliability and potential risks.World Liberty Financial officially acknowledged its USD1 stablecoin today following a community discovery yesterday. The project is presumably attempting to leverage Trump’s “stablecoin dollar dominance” plan and capture the US market share.However, WLFI claimed its stablecoin reserves would contain other cash equivalents, but its token holdings currently contain over $111 million in unrealized losses.World Liberty Financial Enters the Stablecoin MarketWorld Liberty Financial (WLFI), a token project heavily affiliated with the Trump family, has been making some serious moves lately.Two weeks ago, there were serious allegations that WLFI would buy stake in Binance and the two would launch a new stablecoin. Today, at least some of that prediction has come true with USD1:“WLFI today announced its plans to launch USD1, a stablecoin redeemable 1:1 for the US dollar. WLFI’s USD1 will be 100% backed by short-term US government treasuries, US dollar deposits, and other cash equivalents. Initially, USD1 tokens will be minted on the Ethereum $(ETH)$ and Binance Smart Chain $(BSC.UK)$ blockchains,” WLFI’s press release read.Although WLFI’s new stablecoin is native to BSC, Binance’s actual involvement remains unclear. Yesterday, crypto sleuths noticed that USD1 had been minted 20 days prior and that market maker Wintermute traded with it.Changpeng “CZ” Zhao, former CEO of Binance, possibly demonstrated insider knowledge of the project, but it was unclear.Today, however, CZ has teased his involvement again. He replied to WLFI stablecoin announcements with an eyes emoji, suggesting interest in the project without committing to anything actionable.WLFI, for its part, has not commented further on a possible Binance partnership, and its token reserves are being custodied with BitGo.On one hand, this could be a big opportunity for crypto. Trump recently announced that stablecoins will play a pivotal role in promoting dollar dominance worldwide, and WLFI could take part in that initiative.Tether may also be part of the bigger “stablecoin dollar dominance” plan, but WLFI is beating it to the punch.“USD1 provides…access to the power of DeFi underpinned by the credibility and safeguards of the most respected names in traditional finance. We’re offering a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies,” claimed Steve Witkoff, WLFI co-founder and Trump’s diplomatic envoy.Overall, the Trump family has been involved in several crypto projects lately. Just yesterday, Trump Media announced a partnership with Crypto.com, with plans to launch several ETFs.In its statement, WLFI claimed that its stablecoin reserves will include “other cash equivalents” with no further elaboration. The firm claimed that it will allow third-party accounting firms to make regular audits, much like Tether has, no actual audit has happened in either case.Although WLFI completed its token sale, its portfolio contains over $111 million in unrealized losses from other crypto investments. The firm is a prolific investor in various token projects; will it use these assets to build USD1’s reserves? These questions remain unanswered in the launch announcement.","news_type":1,"symbols_score_info":{"SOS":1.1,"NCTY":1.1,"GBTC":1.1,"EBON":1.1,"COIN":1.1,"MSTR":1.1,"BTCM":1.1,"CAN":1.1,"MARA":1.1,"RIOT":1.1,"BITO":1.1,"BTM":1.1,"CLSK":1.1,"BTBT":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":8,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2522753885","isCrawlerRequest":true}