Trump-linked WLFI reportedly launches USD1 stablecoin on BNB Chain

World Liberty Financial, a decentralized financial platform linked to the Trump family, launched its Stablecoin USD1 on the BNB channel.

Blockchain Analytics Shironchain identified deployment, noting interactions between the contract and a portfolio linked to the cryptography market Wintersuggesting test transfers.

The Stablecoin contract was deployed about 20 days ago, according to to the founder of Binance Changpeng Zhao. However, there was no official WLFI or Trump family declaration regarding the launch.

The USD1 contract is publicly visible on BNB (Bnb) Channel blockchain explorer.

A stable is a type of crypto designed to maintain stable value, often set for a traditional currency like the US dollar. Unlike other crypto, which can fluctuate in price, stablecoins are consistent, which makes them useful for payments and trading.

By launching USD1, WLFI seems to enter the competitive space of dollar -supported digital assets. Stablecoin legislation is a hot problem Right now in cryptographic space.

WLFI positioned itself as a platform aimed at promoting us Stablecoins supported in dollars in cryptographic space. The launch of USD1 adds to the growing ecosystem of stabbed on the BNB chain, while WLFI continues to extend its presence in the DEFI sector.