World Liberty Financial announces USD1 without governance vote
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? ...