CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Moralis Money
crypto.news 2025-04-14 08:27:44

World Liberty Financial Inc. quietly launches USD1 stablecoin

World Liberty Financial Inc. has quietly launched its USD1 stablecoin, which is now live and actively trading on both Ethereum and Binance Smart Chain, despite no formal launch announcement. According to CoinMarketCap , USD1’s trading volume has surged by over 6,700% in the past 24 hours, currently at over $140 million—just days after its low-key debut. Its market cap currently stands at around $128 million. The USD1 logo is also now visible on both Binance and CoinMarketCap. Source: CoinMarketCap Blockchain analysts first spotted a USD1 smart contract deployment on Binance Smart Chain on 24 March. At the time, the activity appeared to be limited to testnet transactions, including interactions with wallets linked to the crypto market maker Wintermute. On March 25, WLFI confirmed the launch plans for USD1, but no launch date or exchange listing was provided. The actual mainnet soft launch seems to have occurred around April 12, when the first liquidity pools involving USD1 were deployed on Uniswap V3 and PancakeSwap V3. However, WLFI has yet to announce any centralized exchange listings. The launch appears to have been strategically quiet, allowing WLFI to test market traction and infrastructure under real conditions. You might also like: WLFI confirms launch of USD1 stablecoin backed by U.S. treasuries Trump’s ties to USD1—a stablecoin backed by U.S. Treasuries, cash, and equivalents with BitGo serving as the reserve custodian—have raised alarms among lawmakers and financial analysts alike. During an April 2 hearing of the House Financial Services Committee focused on stablecoin regulation, Democratic Representative Maxine Waters said that Trump may intend to use USD1 to replace the U.S. dollar in government functions. “Trump likely wants the entire government to use stablecoins, from payments made by the Department of Housing and Urban Development to Social Security payments to paying taxes. And which coin do you think Trump would replace the dollar with? His own, of course.” Ari10 CEO Mateusz Kara said that Trump’s support for USD1 is less about embracing crypto and more about creating a new channel for global U.S. debt distribution. “I don’t quite believe in Trump’s sudden love for stablecoin and blockchain,” Kara said in a statement sent to crypto.news. “The real purpose of strengthening the stablecoin market is to make the world a new, receptive market for U.S. bonds.” You might also like: Trump’s USD1 play is ‘dollar expansion,’ not love for blockchain, Ari10 CEO says

https://www.digistore24.com/redir/325658/ceobig/
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.