Trump-Backed WLFI Launches USD1 Stablecoin on Ethereum and Binance’s BNB Chain
“TRUMP‘S SECRET PLAN FOR WORLD DOMINATION… THROUGH STABLECOINS? 🤯”
It’s a bird, it’s a plane, it’s a stablecoin! 🚀 World Liberty Financial (WLFI) – the DeFi venture backed by the one and only Donald Trump – has launched a stablecoin called USD1. Because, you know, the world really needed another thing to worry about.
Pegged to the US dollar, the token is designed to function as a digital asset equivalent to the dollar. Because, of course, we all know that digital assets are the future of money. Said no one ever.
WLFI’s USD1 Stablecoin: Because Who Needs Transparency? 🤔
Although the cryptocurrency went live in early March, World Liberty Financial has not issued an official announcement regarding its launch. Because, apparently, they were too busy making deals with Binance and plotting world domination.
Changpeng ‘CZ’ Zhao, the former CEO of Binance, was among the first to publicly share the news by posting a link to the token on social media. Because, you know, that’s exactly what you do when you’re trying to avoid being sued for insider trading.
The launch of the USD1 stablecoin on the BNB Chain came days after reports suggested the Trump family held talks with Binance about acquiring a stake in the exchange and possibly granting CZ a presidential pardon. But, of course, CZ quickly denied these claims and argued that no discussions about a business deal had taken place between the crypto exchange and the Trump family. Yeah, sure, because that’s exactly what you do when you’re trying to avoid being sued for insider trading.
Stablecoin Regulation With GENIUS: Because Who Needs Common Sense? 🤓
The launch of USD1 also comes at a time when the US Congress is evaluating legislation that could impact the future of stablecoins in the country. Specifically, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which has already cleared the Senate Banking Committee, may soon be taken up for a full vote. Because, you know, what could possibly go wrong with giving more power to Congress?
This could have significant implications for projects like USD1, as regulators look into the potential for stablecoins to integrate more fully into the financial system. Because, of course, that’s exactly what we need – more financial systems.
As of now, the USD1 token has a total supply of over $3.5 million, and WLFI has completed two successful public token sales, raising a total of $550 million. Despite this, much about the venture remains shrouded in secrecy. Because, you know, transparency is overrated.
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2025-03-25 21:56