Donalcoincoin USD1 WLFCOINCOIN1 WLFICOIN1 The ETHEREUM and BNAS BNB series

World Liberty Financial (WLFI) – The Defi Project supported by US President Donald Trump is called USD1.

The distinctive symbol has been linked to the US dollar, and it is designed to work as a digital domestic origin and is currently available on BNB Blockchains from ETHEREUM and Binance.

WLFI’s USD1 Stablecoin

Although the cryptocurrency is in early March, World Liberty Financial did not issue an official announcement of its launch.

Changpeng ‘CZ’ Zhao, former CEO of Binance, was among the first to participate publicly news By publishing a link to the distinctive symbol on social media, it was later recognized by the official x channel of WLFI. However, the project to caution Usd1 is “currently not circulating” and urged society to be familiar with fraud.

Stablecoin Usd1’s launch on the BNB series came days after the proposal that the Trump family had conversations with Binance about obtaining a stake on the stock exchange and perhaps CZ gave a presidential pardon. However, Zhao quickly denied these allegations and argued that there were no discussions about a commercial deal between the exchange of encryption and the Trump family.

The Wall Street Journal also criticized, claiming that it was an attack on President Trump and the encryption industry, and the report attributed to the ongoing efforts of the previous administration to undermine the encryption sector.

Stablecoin organization with a genius

The launch of $ 1 also comes at a time when the US conference evaluates legislation that may affect the future of Stablecoins in the country. Specifically, the law of guidance and the creation of the national innovation of US Stablecoins (Genus), which has already cleared the Senate Banking Committee, may be obtained for full vote. Industry experts predict that the bill can be on President Trump’s office by June.

This may have significant impacts on projects such as USD1, where organizers are looking for the possibility to merge Stablecoins more completely into the financial system.

As of now, a unique USD1 is more than $ 3.5 million, and WLFI has completed successful general symbolic sales, raising a total of $ 550 million. Nevertheless, much about the project is still shrouded in.