President Trump, President Trump, announces plans to launch a new Stablecoin on Tuesday aimed at bridging traditional financing with digital assets.
According to press releaseThe new Stablecoin USD1, which will be linked to the US dollar and supported by a short -term government treasury, is the dollar deposits and cash rewards.
The world’s co -founder Liberty Liberty Zach and Yakouf says,
“Usd1 provides what the algorithm and unknown encryption projects can access the DEFI power supported by credibility and ensuring the most respectable names in traditional financing.
We offer Stablecoin in digital dollars, sovereign investors and major institutions can integrate with confidence in their strategies for multiple, safe transactions. “
Initially available on ETHEREUM (ETH) networks and Binance Smart Chain (BSC) networks, USD1 targets institutional investors and sovereignty.
The platform obtained partnerships with Bitgo, a digital custody company, and has completed symbolic sales worth $ 550 million. Mike Balshi, CEO of BITGO, described cooperation as great progress in the legitimacy of digital assets.
To attract institutional adoption, WLFI says that USD1 gives priority to stability with the “conservative approach” that avoids the mechanisms of generating complex return, unlike other Stablecoins that “offer additional risk factors.”
USD1 will undergo regular scrutiny to ensure transparency. The company plans to expand in the future, including developing lending and borrowing markets through smart contract technology.
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