Trump launches his USD1 stablecoin, backed by US treasuries and dollar
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Donald Trump's family company World Liberty Financial Inc. (WLFI) has launched USD1, a new stablecoin fully backed by US treasuries, USD deposits, and cash equivalents. Partnering with BitGo for custody and liquidity, the stablecoin aims to provide a transparent, secure digital dollar for institutional and sovereign investors, emphasizing regulatory compliance and verifiable reserves.
March 25, 2025 | 3:45 pm
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BitGo will provide custody, trading services, and liquidity support for the new USD1 stablecoin, potentially enhancing its institutional crypto service offerings.
Partnership with a high-profile stablecoin project could attract more institutional clients and increase BitGo's market visibility in crypto custody services.
CONFIDENCE 85
IMPORTANCE 70
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