Trump's latest crypto push: Getting into the stablecoin game
President-elect Donald Trump Chris Unger/Zuffa LLC via Getty Images World Liberty Financial, a crypto venture backed by the Trump family, will issue a new stablecoin. The USD1 token is one of several crypto assets attached to the Trump family. Trump Media & Technology shares are rising on an agreement with crypto.com. The Trump family is diving into another corner of the crypto scene. World Liberty Financial, the digital assets venture backed by President Donald Trump and his sons, is joining the stablecoin market with a token of its own. Like other stablecoins already in the market, the USD1 coin will be pegged to the US dollar. Short-term Treasuries, dollar deposits, and cash equivalents will back the token, helping maintain its $1 value, the firm said in a press release on Tuesday. "We're offering a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies for seamless, secure cross-border tra...