USD1 Stablecoin: An Introduction to Trump-Backed Finance

USD1, a stablecoin backed by U.S. bank deposits and Treasuries, is designed for institutional use and cross-border finance. Launched by World Liberty Financial (WLFI), founded by former President Donald Trump’s family, it aims to address the needs of institutions seeking stability and clarity in their financial transactions. While USD1 offers a unique solution with strong backing, potential risks such as limited liquidity and scrutiny from regulatory bodies need consideration.