President Donald Trump’s decentralized finance project World Liberty Financial has launched its own stablecoin on both Ethereum and Binance’s BNB Chain, according to on-chain data.
The launch of the token, called USD1, marks the culmination of a plan that has been in the works for some months. Decrypt previously reported in October that the Trump family and its business partners were planning to issue a stablecoin—but, at the time, they were still working out issues related to the safety and legality of such a product.
With Trump back in the White House, and congressional Republicans racing to get a bill legalizing stablecoins over the finish line, it appears the World Liberty team feels the time is right for the president…
Apr 17 2025
