The launch of USD1 marks an ambitious step forward in the ongoing evolution of digital currencies.
TL;DR: World Liberty Financial, backed by the Trump family, has launched its new USD1 stablecoin on the TRON blockchain. The stablecoin, which is supported by U.S. treasuries and cash equivalents, aims to provide a reliable and fully compliant asset for investors. The first USD1 has now been minted on TRON, kicking off the next phase of the stablecoin's journey.
Recently, House Speaker Kevin McCarthy delivered remarks at the 2023 World Liberty Financial Gala. World Liberty Financial is a Trump family enterprise, and its involvement in this project, combined with the support of the U.S. treasury, brings significant credibility to the USD1 stablecoin.
This initiative is focused on merging the strengths of traditional finance with the efficiency and innovation of Web3 technologies to usher in new possibilities in the digital asset sphere.
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