World Liberty Financial has launched the Trump family’s DeFi project, introducing its own USD1 stablecoin on the Ethereum and BNB Chain networks. This move comes after months of planning and addressing legal and security issues. With Trump’s return to the White House and Republicans pushing for stablecoin regulation approval, it’s the right time for Trump to enter this lucrative market. Stablecoins, usually pegged to the US dollar, play a vital role in connecting traditional markets with digital currencies. Tether, the largest stablecoin issuer, made a profit of $13 billion last year. The legality of stablecoins in the US is still debated, but a new Congress bill could clarify this ambiguity. World Liberty Financial recently raised $550 million from the sale of its governance token, WLFI, promising to introduce revolutionary technologies in the digital asset space.
