Trump’s Crypto Chaos: Stablecoin Wobbles, Internet Explodes

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In a universe where money is as stable as a three-legged stool on a unicycle, the USD1 stablecoin decided to take a brief holiday from its dollar peg on February 23, plummeting to a dizzying $0.994 before remembering it had a reputation to uphold. It quickly recovered, because, you know, drama is exhausting.

USD1, the brainchild of World Liberty Financial (WLFI), a DeFi project with ties to the Trump family (yes, that Trump family), boasts a market cap of nearly $4.8 billion. Because nothing says “financial stability” like a stablecoin linked to a family known for, well, gestures wildly at everything.

World Liberty Financial’s Stablecoin Takes a Nanosecond Vacation

WLFI, ever the drama queen, blamed the whole fiasco on a “coordinated attack.” Apparently, hackers compromised cofounder accounts, paid influencers to spread FUD (Fear, Uncertainty, and Doubt), and opened short positions to profit from the ensuing chaos. Because nothing says “trust us” like accusing everyone else of being untrustworthy.

Despite the rapid recovery, the crypto community collectively spilled their coffee in shock. Because, let’s face it, when a Trump-linked stablecoin wobbles, you don’t just grab the popcorn-you build a fort out of it.

A coordinated attack was launched against USD1 this morning. Attackers hacked several WLFI cofounder accounts, paid influencers to spread FUD, and opened massive $WLFI shorts to profit from the manufactured chaos.

It didn’t work.

Thanks to USD1’s sound mint-and-redeem mechanism, which is apparently more reliable than a British teapot.

– WLFI (@worldlibertyfi) February 23, 2026

Some users, with memories longer than a goldfish’s, compared the depeg to the early warning signs of TerraUSD’s collapse in 2022. But WLFI was quick to point out that USD1 is backed by full 1:1 reserves, unlike TerraUSD’s algorithmic shenanigans. Because, you know, actual assets are so passé.

Meanwhile, the internet went into overdrive with unverified reports that Eric Trump deleted old promotional posts about USD1 during the volatility. Screenshots circulated faster than gossip at a galactic tea party, but no one’s quite sure if they’re real. Because why let facts get in the way of a good conspiracy theory?

this is quite obviously a WLFI/bonk exposé

no coincidence that eric trump is deleting his WLFI posts as we speak

the trump administration is not only looting the treasury but also colluding with the worst criminals in the crypto space to squeeze out every penny they can. Because, let’s face it, who doesn’t love a good heist?

– retard mode ✞ (@retardmode) February 23, 2026

In other news, blockchain investigator ZachXBT teased an upcoming exposé on alleged insider trading involving a major crypto company. Naturally, everyone assumed it was WLFI, because why wouldn’t it be? But as of now, there’s no evidence-just a lot of speculative hand-wringing.

Stablecoins, much like the universe, rely heavily on confidence. Even a brief depeg can send users into a panic, fearing insolvency or reserve weakness. USD1’s quick recovery suggests its mechanisms worked as intended, but the incident highlights how fragile market sentiment can be, especially when high-profile figures are involved.

This $WLFI situation is crazy

> ZachXBT announces major insider trading investigation dropping Feb 26
> $USD1 nearly depegged today
> Eric Trump allegedly deleted some WLFI tweets
> WLFI claims it was a coordinated attack
> Eric Trump posts about WLFI after

Timing could be… a coincidence. Or not. Who knows? Not me, that’s for sure.

– Chris ☕️ (@ChrisCoffee) February 23, 2026

WLFI has yet to disclose the technical details of the alleged attack, leaving everyone to speculate wildly. The coming days will determine whether this was a blip or the start of a full-blown credibility crisis for USD1. Either way, it’s sure to be entertaining.

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2026-02-23 23:16