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Donald Trump's crypto business launched a dollar coin called USD1: What we know so far

P resident Donald Trump's crypto portfolio continues to grow. His crypto project World Liberty Financial has launched a stablecoin, or a token pegged to a fiat currency like the
Donald Trump's company, CIC Digital LLC, has launched a new stablecoin named USD1, which is pegged to the U.S. dollar. This move comes as part of Trump's broader engagement with cryptocurrency, following his NFT ventures. The USD1 aims to provide a stable digital currency option amidst the volatile crypto market, with its value directly tied to the dollar to minimize fluctuations. The coin is designed to facilitate transactions, store value, and potentially integrate with other financial services. However, details on its operational mechanics, regulatory compliance, and the full scope of its intended use are still emerging. This initiative reflects Trump's ongoing interest in digital assets, potentially aiming to capitalize on the growing acceptance and use of cryptocurrencies.

Read the Full Fortune Article at:
[ https://www.msn.com/en-us/money/economy/donald-trump-s-crypto-business-launched-a-dollar-coin-called-usd1-what-we-know-so-far/ar-AA1BzwTH ]