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Trump-Backed World Liberty Financial Confirms Dollar Stablecoin Plans with BitGo

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The USD1 token will be fully backed by U.S. government securities and cash, with BitGo providing custody services for the reserves.
The article from CoinDesk discusses World Liberty Financial (WLF), a company backed by former President Donald Trump, which has confirmed its plans to launch a U.S. dollar-backed stablecoin in collaboration with BitGo, a digital asset custody and security firm. WLF aims to introduce this stablecoin to provide a stable digital currency option amidst the volatile crypto market, leveraging BitGo's expertise in secure digital asset management. The initiative is part of a broader strategy to integrate traditional financial systems with blockchain technology, potentially offering new financial tools and stability to users. The stablecoin will be fully backed by U.S. dollar reserves, ensuring its value remains pegged to the dollar, which could help in reducing the risks associated with cryptocurrency price fluctuations.

Read the Full CoinDesk Article at:
[ https://www.coindesk.com/business/2025/03/25/trump-backed-world-liberty-financial-confirms-dollar-stablecoin-plans-with-bitgo ]