World Liberty Financial officially acknowledged its USD1 stablecoin today following a community discovery yesterday. The project is presumably attempting to leverage Trump’s “stablecoin dollar dominance” plan and capture the US market share. However, WLFI claimed its stablecoin reserves would contain other cash equivalents, but its token holdings currently contain over $111 million in unrealized losses. World Liberty Financial Enters the Stablecoin Market World Liberty Financial (WLFI), a token project heavily affiliated with the Trump family, has been making some serious moves lately
source: https://beincrypto.com/world-liberty-financial-launches-usd1-stablecoin/