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World Liberty Financial, the cryptocurrency firm from which Donald Trump profits, has announced its plan to launch a stablecoin, USD1.  USD1 is described as a stablecoin pegged to the US dollar that “will be 100% backed by short-term US government treasuries, US dollar deposits, and other cash equivalents.” Apparently, the stablecoin will launch on Ethereum and Binance Smart Chain.  Custody for the coin will be managed by BitGo, the firm that collaborates with Justin Sun and BiT Global for Wrapped Bitcoin (WBTC) , a major component of the World Liberty Financial portfolio.  Interestingly, neither the governance forums nor the governance portal discussed or voted on the launch of USD1 and this change to World Liberty Financial. Actually, there has not been a single post of any kind in the governance forum since January 9.  Who is behind World Liberty Financial, Trump’s new crypto? Read more: Is World Liberty Financial a dead project? ...

Threshold community proposes merging tBTC with WBTC. The proposal is driven by concerns over WBTC’s stability due to Justin Sun’s involvement. According to the proposal, BitGo will receive T tokens, becoming a major stakeholder in Threshold Network. In a strategic move to protect the future of Wrapped Bitcoin (WBTC), a proposal dubbed “#saveWBTC – a merger with Threshold’s tBTC” has been put forward to merge the decentralized tBTC token of Threshold with BitGo’s WBTC. The proposal, currently under discussion on Threshold’s forum page, comes in response to rising concerns within the crypto community regarding WBTC’s stability following BitGo’s partnership with Hong Kong-based BiT Global, a company partly owned by Justin Sun, founder of the Tron ecosystem. Unease with Justin Sun’s involvement with WBTC The partnership has raised alarms due to Sun’s controversial track record, with past in...

Coinbase Global Inc (NASDAQ: COIN),a leader in cryptocurrency exchange, has recently stirred the market with hints of an upcoming product launch, a synthetic Bitcoin (BTC) token named “cbBTC.” This potential addition to Coinbase’s offerings could position the exchange as a formidable competitor in the synthetic Bitcoin market, which is currently dominated by BitGo’s Wrapped Bitcoin (WBTC).  The announcement of cbBTC is especially significant as it arrives amid growing concerns and controversy surrounding WBTC and its association with Tron (TRX) founder Justin Sun. Picks for you HyperCycle unveils RingOfRings project to enhance crypto security 3 hours ago Here's Bitcoin's new bullish target as key price level...