• World Liberty Financial, the decentralized finance venture backed by President Donald Trump and his family, has launched a stablecoin.
  • The stablecoin, dubbed USD1, will be pegged to the U.S. dollar and be backed by short-term U.S. government treasuries, U.S. dollar deposits, and other cash equivalents.
  • It joins an increasingly crowded market of stablecoins. The market cap for dollar-backed stablecoins has grown more than 46% in the past year, according to CryptoQuant.

https://www.cnbc.com/2025/03/25/trumps-world-liberty-financial-jumps-into-stablecoin-game-with-usd1-reveal.html