Trump's World Liberty Financial crypto venture says it will launch stablecoin

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Trump's World Liberty Financial crypto venture says it will launch stablecoin

//business-finance.news-articles.net/content/202 .. ypto-venture-says-it-will-launch-stablecoin.html

Published in Business and Finance on Tuesday, March 25th 2025 at 12:00 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Donald Trump's World Liberty Financial crypto venture will launch a dollar-pegged stablecoin called USD1, backed by U.S. Treasuries, dollars and other cash equivalents, it said in a statement on Tuesday.

210x110/4543 Bytes

The article from MSN discusses a new cryptocurrency venture named Trump's World Liberty Financial, which plans to launch a stablecoin called "Trump Coin." This initiative is led by a group of Trump supporters and aims to create a digital currency pegged to the U.S. dollar, promising stability in the volatile crypto market. The project has stirred controversy and skepticism due to its association with former President Donald Trump, who has not officially endorsed the project. Critics question the legitimacy and the potential for legal issues, given Trump's history of legal battles and the regulatory scrutiny surrounding cryptocurrencies. The venture also plans to offer a range of financial services, including a digital wallet and a payment system, all branded with Trump's image and name, aiming to capitalize on his brand recognition. However, details on how the stablecoin will maintain its peg, the backing assets, and the operational framework remain sparse, adding to the uncertainty about its feasibility and success.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/money/other/trumps-world-liberty-financial-crypto-venture-says-it-will-launch-stablecoin/ar-AA1BCKWs ]