USD1 Stablecoin Launches on BNB Chain Amid Binance Speculation
A new stablecoin, USD1, launched on the BNB Chain, allegedly linked to World Liberty Financial (WLFI). Key points include:
- No official confirmation from WLFI or Binance regarding USD1.
- Speculation about a partnership between WLFI and Binance fueled by reports of a USD-backed stablecoin.
- Rumors suggest potential investment from the Trump family in this venture.
- Market maker Wintermute has interacted with USD1, increasing interest in its legitimacy.
- Former Binance CEO Changpeng “CZ” Zhao acknowledged the deployment of the USD1 smart contract but warned about scams using the name.
- His comments created confusion regarding the token's status and potential ties to Binance.
- Neither Binance nor WLFI has confirmed any partnership or involvement with USD1.
- The status of USD1 remains uncertain; further updates are awaited.