BOSTON, Feb 23 : The Trump family-backed crypto stablecoin, USD1, briefly dipped below its $1 benchmark price on Monday, to around $0.994, but quickly recovered.

A spokesman for World Liberty Financial, for which USD1 is a signature product, said in a statement to Reuters its engineering and security teams had “successfully repelled a coordinated attack.”

World Liberty, which was co-founded in 2024 by President Donald Trump, his three sons and a group of partners, added in a post on X.com that the X accounts of its co-founders were accessed without authorization. It did not name which ones. There was no hack of the digital contracts and wallets behind WLFI or USD1, the post added.

“Zero smart contracts were affected. All USD1 funds…