By Lawrence Delevingne
BOSTON, Feb 23 (Reuters) – 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…
