A new stablecoin called World Liberty Financial USD (USD1) has reportedly been launched on BNB Chain, with speculations linking it to the Trump family fund.
Changpeng Zhao (CZ), founder of cryptocurrency exchange Binance and also one of the biggest supporters of BNB Chain, also made a statement on the subject. According to CZ, the smart contract for USD1 was launched 20 days ago. Blockchain data shows that market maker Wintermute interacted with the contract and some test transactions were observed. However, no official statement was made by the Trump family fund regarding its participation.
Earlier today, reports emerged that World Liberty Financial (WLFI), a decentralized finance (DeFi) project backed by the Trump family, had purchased a significant amount of Mantle’s MNT token. The purchase follows a major technological upgrade to the Mantle network last week.
According to blockchain analytics firms Lookonchain and Arkham Intelligence, WLFI purchased approximately 3.54 million MNT for approximately 3 million USDC at an average price of $0.84 per token. The move brings WLFI’s total assets, which currently include ETH, WBTC, TRX, LINK, AAVE, ENA, and other assets, to over $340 million.
*This is not investment advice.
