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🇺🇸Trump's company World Liberty Financial plans to launch a stablecoin #USD1 .
The stablecoin is aimed at institutional investors. It will be fully backed by US bonds, dollar deposits, and cash equivalents. WLFI co-founder Zach Witkoff noted:
"USD1 provides what anonymous algorithmic crypto projects cannot — trust, transparency, and reliability, familiar in traditional finance."
The token will run on #Ethereum and #BNB Chain, and reserves will be stored in BitGo, one of the largest custodians.