The emergence of the Trump-linked USD1 stablecoin has sparked significant interest in the cryptocurrency community. This digital currency, pegged to the U.S. dollar, is issued by World Liberty Financial (WLFI), a crypto project associated with the Trump family. In this article, we delve into key aspects surrounding this stablecoin, including its blockchain infrastructure.
World Liberty Financial (WLFI) has been at the forefront of cryptocurrency news due to its involvement in digital assets like the USD1 stablecoin. With a focus on providing a stable store of value akin to traditional fiat currencies but in a digital format, WLFI's initiatives have garnered attention within the crypto space.
In a notable move on May 1, 2025, WLFI made headlines by acquiring $47 million worth of Bitcoin. This strategic investment further solidified WLFI's position in the ever-evolving crypto market.
The USD1 stablecoin is designed to maintain stability by being pegged to the U.S. dollar. While specific details about its underlying blockchain are not explicitly disclosed in available sources, it is common for stablecoins like these to operate on established platforms such as Ethereum or Binance Smart Chain.
President Donald Trump's involvement in cryptocurrency regulation has been evident through recent legislative actions. Notably, on April 11, 2025, he signed a groundbreaking bill into law that repealed an IRS rule impacting certain crypto platforms' classification as brokers.
The repeal of the IRS DeFi broker rule carries significant implications for decentralized finance (DeFi) ecosystems. By eliminating requirements related to transaction reporting and customer data collection, DeFi projects can now operate with increased autonomy and reduced compliance burdens.
A noteworthy development occurred on May 6, 2025 when it was announced that Abu Dhabi had selected the USD1 stablecoin as its official digital currency for settling a substantial $2 billion MGX deal. This move further underscores the growing adoption and recognition of this stablecoin.
Despite its successes, concerns have been raised by some Democrats regarding potential conflicts arising from business-political crossovers due to involvement with cryptocurrency ventures led by figures like Donald Trump.
As we navigate through these developments surrounding the Trump-linked USD1 stablecoin and its associated blockchain infrastructure remains an intriguing aspect worth monitoring closely within both cryptocurrency circles and broader regulatory landscapes.
Just Now
Dear LBank User
Our online customer service system is currently experiencing connection issues. We are working actively to resolve the problem, but at this time we cannot provide an exact recovery timeline. We sincerely apologize for any inconvenience this may cause.
If you need assistance, please contact us via email and we will reply as soon as possible.
Thank you for your understanding and patience.
LBank Customer Support Team