Binance’s CZ Welcomes WLFI’s New Stablecoin USD1 on BNB Chain Amidst Speculations

On March 25th, Binance CEO CZ made headlines by retweeting information about the newly launched stablecoin USD1, issued by the WLFI project on the BNB Chain. This development has garnered attention as the smart contract for USD1 was reportedly deployed just 20 days prior, according to data sourced from BSC Scan. The Trump family’s crypto initiative, WLFI, is believed to be exploring multi-chain operations, with indications that USD1 may also be functioning on the Ethereum network. As the project advances through various functionality tests, the market-making firm Wintermute has emerged as a potential partner, adding to the intrigue surrounding this initiative. It is important to note, however, that no formal confirmation has yet been made regarding WLFI’s issuance of USD1, and current information remains within the confines of the crypto community, suggesting a cautious approach to speculation.