Trump’s World Liberty Financial says it will launch Dollar-pegged stablecoin

This news is giving Bitcoin and Ethereum a boost although it’s now entirely fresh. The cryptocurrency is already live on the Ethereum and Binance blockchains,
which are decentralized databases that track the flow of digital assets.

This is probably giving cryptocurrencies a boost since it’s now announcing it publicly although I don’t see why it should matter that much. Fortune.com reported yesterday evening that Changpeng Zhao, the former CEO of the crypto exchange Binance posted a link to the token to his more than 10 million followers on X.

The social media account for World Liberty Financial then implicitly
acknowledged the link’s legitimacy saying “USD1 is not currently tradable.
Beware of scams and follow us here for all official announcements”.

Here you can find the full article

This article was written by Giuseppe Dellamotta at www.forexlive.com.