The crypto community is abuzz with speculation over the potential launch of a stablecoin named USD1 by World Liberty Fi (WLFI), a project backed by the family of former President Donald Trump. While details surrounding the token’s official release remain scarce, reports from X suggest the stablecoin has been issued on both Ethereum and the BNB Chain, raising questions about its authenticity.
The news emerged after Binance CEO Changpeng Zhao, also known as CZ, shared a post from an anonymous user on X claiming that WLFI had deployed the USD1 stablecoin. The user further suggested that Wintermute, a prominent market maker, had been involved in test transactions for the token. According to BSCScan data, the smart contract for USD1 was deployed on the BNB Chain approximately 20 days ago.
However, CZ clarified in a subsequent post that while many scammers have created tokens under the same name, the official USD1 token is not yet tradable. This revelation has led to further uncertainty about the legitimacy of the coin.
Despite these developments, World Liberty Fi has yet to confirm or officially announce the stablecoin’s launch, leaving the crypto community divided. While on-chain data shows that the smart contract was deployed from WLFI’s official address, there is no indication that the token is actively trading or available for public use.
The involvement of Wintermute has sparked additional debate about the seriousness of WLFI’s intentions in launching a real stablecoin. As the situation unfolds, many remain cautious, questioning whether the USD1 stablecoin is a genuine project or simply another scam in the volatile world of cryptocurrency.
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