WLFI Launches USD1 Stablecoin Backed by US Treasury Bonds: A Game Changer for Institutional and Retail Users

On March 25, COINOTAG reported that the cryptocurrency venture WLFI, associated with Donald Trump, is set to introduce the USD1 stablecoin. Targeting both institutional and retail users, this new digital currency aims to provide a safe harbor amidst market fluctuations. The USD1 will be fortified through a robust backing of U.S. Treasury bonds, U.S. dollar deposits, and cash equivalents, reinforcing its stability. The custody of the stablecoin will be managed by BitGo, ensuring secure storage and regulatory compliance. As the interest in stablecoins continues to rise, the unveiling of USD1 signals a noteworthy advancement in the intersection of traditional finance and blockchain, catering to diverse investment needs.