昨天世界自由金融公司（“ WLFI”）宣布了USD1 Stablecoin的計劃

昨天，世界自由金融公司（“ WLFI”）宣布了USD1 Stablecoin的計劃。這家特朗普附屬公司表示，在彭博社報導說，兩週前，彭博社報導，彭博社在與WLFI進行討論後，它將最初對以太坊和Binance Smart Chain發行IT。

Yesterday World Liberty Financial Inc. (WLFI) announced plans for the USD1 stablecoin. The Trump affiliated firm says it will initially issue it on Ethereum and the Binance Smart Chain, after Bloomberg reported Binance was in discussions with WLFI about a stablecoin two weeks ago. BitGo, a digital asset custody firm, will provide custody of the reserves.

昨天，世界自由金融公司（WLFI）宣布了USD1 Stablecoin的計劃。這家特朗普附屬公司表示，在彭博社報導說，兩週前，彭博社報導，彭博社在與WLFI進行討論後，它將最初對以太坊和Binance Smart Chain發行IT。數字資產監護公司Bitgo將提供儲備的監護權。

The news comes following Trump’s Executive Order making stablecoins a cornerstone of his crypto agenda. If it remains on track, stablecoin legislation is expected to be finalized by the end of April.

這一消息是在特朗普的行政命令使Stablecoins成為他加密議程的基石之後。如果它保持正軌，則預計將在4月底完成穩定的立法。

WLFI’s parent is 60% owned by a company affiliated with Donald Trump and his family members, although only Eric Trump plays an active role. Last week the company announced it had raised a total of $550 million in sales of the WLFI token. Some of the 85,000 token holders complained that they had no role in the governance decision to issue the stablecoin.

WLFI的父母是由唐納德·特朗普（Donald Trump）及其家人隸屬的公司擁有的60％，儘管只有埃里克·特朗普（Eric Trump）發揮了積極的作用。上週，該公司宣布已籌集了總計5.5億美元的WLFI代幣。 85,000個令牌持有人中的一些人抱怨說，他們在簽發穩定的政府決定中沒有作用。

WLFI is separate from the entity that issued the $TRUMP meme coin in January.

WLFI與一月份發行$特朗普模因硬幣的實體分開。

Also Read: Bitcoin Price Analysis: BTC Flirts With $40K Level As Market Awaits CPI Data

另請閱讀：比特幣價格分析：隨著市場等待CPI數據，BTC調情以$ 40K的價格調情

BitGo as custodian: tokenized reserves?

Bitgo作為託管人：象徵性的儲量？

A notable aspect of the announcement was the selection of BitGo as custodian, which might be considered a controversial choice. BitGo is a digital asset custodian and has held a New York Trust license since 2021. But it would not be an obvious company to provide custody for conventional Treasuries.

公告的一個值得注意的方面是將Bitgo選擇為保管人，這可能被認為是一個有爭議的選擇。 Bitgo是一名數字資產保管人，自2021年以來一直持有紐約信託執照。但是，為傳統紀念品提供監護權並不是一家明顯的公司。

That’s unless USD1 reserves won’t be held in conventional Treasuries but in their tokenized form. The latest iteration of the GENIUS Act stablecoin legislation inserted a new clause supporting this idea. What a coincidence!

除非USD1儲備金不會以傳統的國債而不是以像徵性的形式持有。 《天才法》的最新迭代stablecoin立法插入了一個支持這一想法的新條款。多麼巧合！

That said, it is not a radical idea. Ondo Finance is one of WLFI’s partners and its USDY yield bearing coin invests in BlackRock’s BUIDL tokenized treasury fund. It’s a pragmatic strategy because everything is on chain, enabling automated redemption and issuance.

也就是說，這不是一個激進的想法。 Ondo Finance是WLFI的合作夥伴之一，其USDY收益率硬幣投資於BlackRock的Buidl代幣化財政基金。這是一種務實的策略，因為一切都在鏈上，可以自動兌換和發行。

However, USDY is an investment token rather than a payment instrument. And a payment instrument demands lower risk. After all, the holders of USDY get a return but the holders of USD1 will not get any yield, so they expect the lowest risk.

但是，USDY是一種投資令牌，而不是付款工具。付款工具需要較低的風險。畢竟，Usdy的持有人會獲得回報，但USD1的持有人不會獲得任何收益，因此他們期望風險最低。

Hence, the one major drawback of depending on tokenized assets for stablecoin reserves is the additional layer of risk. What if something goes wrong? What if the entity doing the tokenization of Treasuries gets hacked or runs off with the money?

因此，取決於穩定儲備的令牌資產的一個主要缺點是額外的風險層。如果出了什麼問題怎麼辦？如果進行國庫令牌的實體被黑客入侵或用這筆錢跑去怎麼辦？

Why BitGo?

為什麼要Bitgo？

BitGo is closely associated with another controversial WLFI ally, Justin Sun who is the founder of the TRON network. The initial offering of the WLFI token wasn’t going that well. Sun’s early investment of $30 million put it on the map.

Bitgo與另一個有爭議的WLFI盟友Justin Sun是Tron Network的創始人密切相關的。 WLFI代幣的最初提供的進展並不順利。 Sun的3000萬美元投資將其放在地圖上。

Also Read: Despite Recent Sell-Off, Bitcoin Remains Best-Performing Asset Class In Last 5 Years

另請閱讀：儘管最近拋售了，但比特幣在過去5年中仍然是表現最好的資產類別

Meanwhile, BitGo is the curator of wBTC the popular wrapped version of Bitcoin, and last year announced plans to transfer much of that responsibility, including two of three private keys, to BitGlobal, a new entity associated with Justin Sun. At the time, wBTC had a market capitalization of around $9 billion.

同時，Bitgo是WBTC的策展人，是受歡迎的包裝版本的比特幣，去年宣布了將大部分責任轉移到包括三個私鑰中的大部分責任的計劃，其中包括三個私人鑰匙，將其轉移到了與Justin Sun相關的新實體。當時，WBTC的市值約為90億美元。

In response, the MakerDAO (now Sky) stablecoin protocol radically reduced its exposure to wBTC from $500 million to under $20 million today. The wBTC plan was watered down so that two BitGo entities now control two out of three keys.

作為回應，Makerdao（現為Sky）Stablecoin協議從根本上將其對WBTC的曝光率從5億美元減少到了今天的2000萬美元以下。 WBTC計劃被澆水，因此現在有兩個BitGo實體控制了三個鑰匙中的兩個。

A few years ago, Galaxy Digital planned to acquire BitGo, but the deal fell through after BitGo failed to deliver audited accounts. BitGo sued Galaxy, but surprisingly Galaxy recently started to work with the company again.

幾年前，Galaxy Digital計劃獲取BitGo，但是在Bitgo未能提供經過審計的帳戶之後，交易失敗了。 Bitgo起訴Galaxy，但令人驚訝的是Galaxy最近再次與該公司合作。

BitGo is not an unknown entity and has a few traditional finance associations. For example, Goldman Sachs is one of its backers and it provides services to Korea’s Hana Bank.

Bitgo不是一個未知的實體，並且具有一些傳統的金融協會。例如，高盛是其支持者之一，它為韓國的Hana銀行提供服務。

One takeaway from the USD1 announcement – keep an eye on changes in the GENIUS Act. They could show hints of USD1 plans.

USD1公告的一個收穫 - 請密切關注《天才法案》的變化。他們可以顯示USD1計劃的提示。