Trump-Backed Stablecoin Deployed on KuCoin Amidst Regulatory Concerns

World Liberty Financial, a DeFi platform with ties to former President Trump and reportedly controlled by his sons, launched a USD1 stablecoin on the exchange KuCoin. This move comes amidst heightened scrutiny of KuCoin’s US operations, which faced accusations of operating unlicensed money-transmitting businesses. Despite KuCoin’s ban in the U.S., its global platform has fostered interest from various regions for altcoins and emerging projects. ]