Crypto -Business Donald Trump has launched a dollar called USD1: what we know so far

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March 24, 2025

President Donald Trump’s cry -porter continues to grow. Its Crypto Project World Liberty Financial launched a stablecoin or a token tied to a Fiat currency like the US dollar, according to Bitcoin or Ethereum, can go 10%. As the name implies, stable designed not to hesitate. This is achieved by creating a reserve, usually in cash or treasury accounts that support a stable part per one.

Stablecoins can serve as a monetary equivalent and especially popular with traders as they provide shelter from volatility. They do not require investors to move from krypto to a fiating currency. The two largest stables – USDT and USDC, which have a market cap of about 143 billion and $ 60 billion respectively.

Why is Trump’s family launching their own stable network?

Stablaca is a big business. The company is Teter Financial Report. And the circle, the company standing for the USDC, reported planning to go out to the public.

Tether and Curder back them stable, tied to the US dollar, treasurers or US debt tranches. While the Stablecoins owners do not get interest, the stable issuers can sometimes discounts at 5% of their treasures in their pockets. It’s simple money. Tether tore off his billions of profits, only about 100 employees who August. For comparison, Cisco, telecommunications giant needed 90,000 employees to a net $ 12.6 billion.

What is the World Liberty Financial?

Announced in August that World Liberty Financial is one of Trump’s crystals that also includes Nfts and memekuin. The project is focused on Defi or decentralized finances. Applications for DEFI are aimed at repeating bank enterprises – borrowing and borrowing, but on blockchains.

The World Liberty Financial Products Plans are vague. It has not yet been launched, and on its site there are some details about what makes it a platform. Project “Gold paper“He says he intends to be a center where users can access the DEFI application set, such as decentralized lenders or decentralized crystals. Trump is listed” Crypto’s main defender “.

What did the World Liberty Financial?

The World Liberty Financial product is still in wraps but it allowed people buy Its own cryptocurrency: $ WLFI. The token allows users to vote for certain offers that regulate the launched DEFI platform, according to Gold Paper.

Investors flooded the cryptocurrency of the Trump family. On Tuesday, the project announced that raised 550 million dollars On sale tokens. Ethics experts have raised Anxiety about cryptocurrency potential on influence. For example, some critic showed on Justina Song, the purpose lawsuit From the Securities and Exchange Commission and its public purchase of WLFI worth $ 75 million.

Who is involved in World Liberty Financial?

The list of members of the Trump family, loyalists and crystals are on the list of participants in the project. The sons of the president – Barron, Eric and Donald – Young – “Web3 Liberty Financial Ambassadors”. Steve Vitkoff, Trump’s Loyalist and real estate tycoon, as well as his two sons, Alex and calls to be co -founded.

And two developers of Defi, Zak Folkman and Chase Era, are also co -founded. The couple was behind the financing of the crypto dough -project that agony Hack is $ 2 million in July.

Originally this story was presented on Fortune.com