USD1 price

Eric Trump, son of U.S. President Donald Trump, said that World Liberty Financial's dollar denominated stablecoin (USD1) has been officially selected as the official stablecoin to close MGX’s $2 billion investment in Binance. Speaking at the Token2049 event in Dubai, Trump also announced that USD1 will be integrating with the Tron ecosystem, which is backed by billionaire Justin Sun. Earlier this year, Abu Dhabi-based investment firm MGX put $2 billion to buy a stake in Binance, marking one of the first institutional investment in the world's largest exchange. The Trump-family backed World Liberty Financial, announced its plans for launching a dollar-backed stablecoin with BitGo in March. “USD1 will become one of the most transparent and regulated stablecoin in the world. It is backed by short term treasury and cash equivalent, not only do we want to create a product in our stable point USD, one that can be sent across borders in a very seamless way, but transparency and frankly, consumer safety is paramount, right?” Trump added. World Liberty's co-founder, Zach Witkoff, speaking at the same event teased more future partnerships for the DeFi protocol. “We have a lot on the way at World liberty, so stay tuned. We're working on, you know, a lot of different DeFi integrations. Right now, we do aim to establish USD1 as the preferred stablecoin in the DeFi and CeFi ecosystem. Working really hard on, you know, getting integrations into traditional retail point of sale systems,” Witkoff said. UPDATE (May 1, 09:50 UTC): Adds additional comment from Zach Witkoff on World Liberty.

Why have Celebrity Coins almost all failed so far? Because the cost is too high Team operations cost money Find a celebrity endorsement and ask for money Find a KOL to publicize and ask for money Adding a pool costs money Ask for money on the exchange Throw away those costs, and the rest is profit What's left in the hands of the leeks??? It's almost impossible to make money Because celebrity coins don't have any meaning or value in the first place Treating celebrity coins as a casino is extremely cost-effective The cost is too high and it is almost impossible to have a win rate

Let's take a look at how Trump has played the crypto world in his three months in office First, they issued their own coins $Trump Then the wife issued a coin #MELANIA This was followed by the development of the Defi protocol $WLFI Another stablecoin $USD 1 was issued The son also took a stake in the mining company @Hut8Corp Good guy, this is the rhythm of preparing to build the "Sichuan Federal Reserve".