President Trump's World Liberty Financial (WLFI) launched a new US dollar-pegged stablecoin, USD1, backed by US government treasuries and other cash equivalents.
This DeFi protocol aims to compete with major stablecoins in the market, which recently surpassed a $230 billion market cap.
WLFI co-founder Zach Witkoff highlights USD1's access to DeFi and the credibility of traditional finance, enabling secure cross-border transactions for institutions. Show Less
